A New American Airlines Hits the Market. Will Pilots Keep Their Shares?

American Airlines pilots and other employees watch a news conference with the CEOs of U.S. Airways and American Airlines at DFW International Airport on Feb. 14 Photograph by LM Otero/AP Photo

Shares of the new American Airlines Group begin trading today as US Airways and AMR Corp. formally close their merger and create the world’s largest airline. As part of that deal, labor groups from the old American will receive a 13.5 percent equity stake, valued at $1.04 billion, in the new airline.

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