After months of negotiation, Doug Parker, CEO of the US Airways announced that US Air and American have agreed to merge together creating the largest airlines in the world. The two companies agreed to an $11 billion deal allowing the American parent AMR to avoid bankruptcy. The combined carrier will be called American Airlines and [...]
Tag: "American Airlines"
This just in from CBS.com: (CBS/AP) DALLAS – American Airlines’ parent company, AMR, filed for Chapter 11 bankruptcy this morning. American lost $868 million during the first nine months of this year, and was the only major U.S. airline to lose money last year. AMR Corp. and AMR Eagle Holding Corp. says they filed voluntary [...]