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US Airways Sees Progress Toward American Airlines Merger

US Airways Group Inc. is making “great progress” toward a merger with American Airlines that would cure network failings at the AMR Corp. unit, Chief Executive Officer Doug Parker said.

American’s push to restructure in bankruptcy as a stand-alone carrier won’t be enough to fix weaknesses at the third-largest U.S. airline, including a loss of market share, Parker said today at US Airways’ annual meeting in New York.