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News Breaks | | | | February 14, 2013 | | 08:51 EDT |  | LCC, AAMRQ | American Airlines sees maintaining all existing hubs, destinations after merger
Says combination of American Airlines (AAMRQ) and US Airways (LCC) will be better equipped to "compete and win" against other global carriers. Says combination will create three similarly sized, competitive global network carriers. Says expects to maintain all existing hubs and service to all destinations following merger. Notes 130 cities served by American but not US Air, and 62 cities served by US Air bu not American. Says combined company will be owned 72% by AMR stakeholders and 28% by US Airways' stakeholders. Reports combined "New American Airlines" will have total fleet of 1,511 aircraft. Targets closing deal and emergence in Q3 of this year. Comments from merger conference call and associated presentation slides. | |
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News For LCC;AAMRQ From The Last 14 Days Check below for free stories on LCC;AAMRQ the last two weeks. |
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| May 24, 2013 | | 16:58 EDT |  | AAMRQ, LCC | Outgoing AMR Corp. CEO's pay opposed by DoJ, Reuters says
AMR Corp.'s (AAMRQ) outgoing CEO Tom Horton's severance pay of nearly $20M allotted as part of the company's plan to emerge from bankruptcy and merge with US Airways (LCC) is being opposed by the Department of Justice, which says the deal violates bankruptcy law, reports Reuters. Reference Link | | | May 17, 2013 | | 05:59 EDT |  | LCC | Stocks with implied volatility movement; FXI LCC
Stocks with implied volatility movement; iShares Trust FTSE/Xinhua China 25 Fund (FXI), US Airways (LCC) according to IVolatility. | | | May 16, 2013 | | 08:28 EDT | | AAMRQ | EU to decide on Delta, Virgin deal next month, Reuters reports
EU antitrust regulators will decide by June 20 whether to clear a bid by Delta Air Lines for a 49% stake in Virgin Atlantic, reports Reuters. Reference Link | | | May 15, 2013 | | 17:03 EDT | | LCC | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | May 14, 2013 | | 07:17 EDT |  | LCC | BofA/Merrill to host a conference
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