Deals
US Airways-AMR Merger Caps Wave of Consolidation Paring Industry
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AMR Corp.’s $11 billion merger with US Airways Group Inc. caps a wave of consolidation that has swept up five of the 10 biggest U.S. airlines since 2005 and leaves a three-way rivalry at the top of the industry.
Yesterday’s tie-up will push AMR’s American Airlines past United Continental Holdings Inc. and Delta Air Lines Inc. to be the world’s largest carrier, making it “hard to imagine” another U.S. combination of similar size, said US Airways Chief Executive Officer Doug Parker, who will run the new company.