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Stock Market & Financial Investment News

News Breaks
February 14, 2013
08:51 EDTLCC, AAMRQAmerican 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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July 22, 2014
11:38 EDTLCCUS Airways joins Delta in canceling all Israel flights, AP reports
US Airways (LCC) has joined Delta Air Lines (DAL) in canceling all flights to Israel, the Associated Press reports. United Airlines (UAL) has not commented on the status of its flights to Israel. Reference Link

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