What the American Airlines-US Airways Deal Means for Fliers, Creditors and the Airline Industry

Photograph by Tom Pennington/Getty Images

Doug Parker is a man who apparently likes a challenge. The CEO of what will become the world’s largest airline, in an $11 billion merger of US Airways and American Airlines announced Thursday, Parker has been here before. He bought an ailing US Airways in 2005 out of its second bankruptcy proceeding within two years. No airline merger is quick or easy, as shown by the years-long integration of United with Continental, and AirTran into Southwest. Nonetheless, this combination will have consequences across the country and across the industry. Here’s how it is likely to shake out.

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