Breaking News

American Airlines, US Airway to create world's biggest airline

by Staff Reporter
15 February 2013 | 3959 Views
BEIJING - American Airlines and US Airways have announced plans of a merger. The 11-billion-dollar deal will form the world's biggest carrier.

The creation of an airline giant. The new combined carrier will be called American Airlines.

It will be based in Fort Worth, Texas and run by Doug Parker, CEO of the US Airways Group.

American Airlines CEO, Thomas Horton, announced the deal in Dallas, Texas.

Thomas Horton, American Airlines CEO, said, "Through the merger of American and US Airways we are creating a premier global carrier. And by combining the strengths of both companies we will be delivering the most value to our owners and the greatest benefits to our customers and our people."

The new airline expects to generate 40 billion US dollars in annual revenue and offer more than 6,700 daily flights to 336 destinations in 56 countries.

It's anticipated that the merger will result in 1 billion dollars in combined benefits and enable cost savings of roughly 150 million.

The merger means American, United, Delta and Southwest will control about three-quarters of US airline traffic.

Some people are concerned about that concentration.

Scott Mayerowitz, Airlines Writer, Associated Press, said, "Having just four major airlines in the US is probably going to lead to some fare increases. It's just a matter of supply and demand out there. The airline say not necessarily so because they're going to save a lot of money and will hopefully pass that money on to consumers."

The merger caps a turbulent half-decade of bankruptcies and consolidation for the US airline industry.




The surviving airlines offer bigger route networks that appeal to high-paying business travellers.

This has allowed them to limit the supply of seats, which helps prop up fares and airline profits.

airline

Source: Xinhau

Should Miss World Zimbabwe have been dethroned?

Yes
35.15%
No
60.4%
Not sure
4.46%
202

Comments

News Updates

Email:

Latest News

Age of consent could could be raised to 18

by Staff Reporter | 04 July 2015 | 272 Views

How Sincere is Mutasa and cabal?

by Concerned Citizen | 04 July 2015 | 579 Views

Corruption threatens ZIMASSET says Khaya-Moyo

by Staff Reporter | 03 July 2015 | 1931 Views

City Council disappoints vendors - A week after the 26th of June deadl...

by Staff Reporter | 03 July 2015 | 2031 Views

Acute water shortage hits Nyele village

by Linketsang Moyo | 03 July 2015 | 1797 Views

Plumtree School Needs Your Help - ...

by Staff Reporter | 03 July 2015 | 2476 Views

Beware of thieves at the ATM next to Fazak - ‪Please note that Bulaw...

by Concerned Citizen | 03 July 2015 | 3577 Views

Malema misses the point - Statements by South Africa's opposition EFF ...

by Kurauone Chihwayi | 03 July 2015 | 2497 Views

Pasuwa quits as Warriors coach? - Reports say Warriors coach, Callisto...

by Sports reporter | 03 July 2015 | 3769 Views

Teenager killed while defending his cheating mother

by Talent Simbi | 03 July 2015 | 7214 Views

Welshman Ncube on Friday: It Maybe Free, But Someone Pays For It - In ...

by Prof Welshman Ncube | 03 July 2015 | 2905 Views

MDC-T glorifies oppression - At a recent public seminar organised by t...

by Tafara Shumba | 03 July 2015 | 2472 Views

Sikhala mocks Chombo for kneeling for Grace Mugabe

by Stephen Jakes | 03 July 2015 | 8272 Views

Mugabe's mandate stolen by his wife Grace

by Stephen Jakes | 03 July 2015 | 3619 Views

Story behind the house Didymus Mutasa grabbed

by Staff reporter | 03 July 2015 | 5147 Views

South Africa to deport Zimbabweans every week - The South African gove...

by Staff Reporter | 03 July 2015 | 2534 Views

Is Grace Mugabe now Zim law? - Analyst

by Stephen Jakes | 03 July 2015 | 2579 Views

Man murders brother over two chicken pieces - KILLING his brother over...

by Mercy Ngwebvu | 03 July 2015 | 2457 Views

Evil rapist nabbed - SAKUBVA residents, who apparently were left quak...

by Abel Zhakata | 03 July 2015 | 2331 Views

NCA welcomes the appointment of Gender Commission - The National Cons...

by Stephen Jakes | 03 July 2015 | 839 Views

Man shoves cooking stick into wife's privates - HARARE Civil Court mag...

by Staff reporter | 03 July 2015 | 2633 Views

Futility of Tsvangirai politics, finally America speaks - FOR once, le...

by Joram Nyathi | 03 July 2015 | 2298 Views

ZSE Automated trading fails to go live, postponed - The inaugural Auto...

by Staff reporter | 03 July 2015 | 1090 Views

Grace Mugabe takeover sparks outrage - First Lady Grace Mugabe has now...

by Staff reporter | 03 July 2015 | 2994 Views

Is Grace Mugabe in charge now? - Grace Mugabe's flaunting of her polit...

by Staff reporter | 03 July 2015 | 2238 Views

Mnangagwa faction targets Kasukuwere - RELATIONS between Vice-Presiden...

by Staff reporter | 03 July 2015 | 3265 Views

Grace Mugabe positions herself for top post - IT is becoming increasin...

by Staff reporter | 03 July 2015 | 2811 Views

Botswana chief flogs Zimbabweans - A GROUP of Zimbabwean men sustained...

by Sukulwenkosi Dube | 03 July 2015 | 3272 Views

Entertainment

Bigger and Better Women's Day Gospel Festival

by Entertainment Reporter | 03 July 2015 | 1170 Views

Silence Is Not Peace!, Says Bongani Ncube

by Nkosini Tshuma | 02 July 2015 | 2574 Views

Zimbabweans fail to answer a simple question like who is your former p...

by Staff reporter | 02 July 2015 | 3580 Views

Zim Achievers to host first ever winners and nominees reception - Win...

by Arts Correspondent | 02 July 2015 | 1307 Views

Team Bulawayo UK Shows cancelled - The Team Bulawayo UK shows which we...

by Thulani Nkala | 02 July 2015 | 1731 Views

DStv adds new channel for Zimbabwe viewers

by Staff reporter | 01 July 2015 | 9436 Views

Rihanna Duct Tapes Floyd Mayweather's Mouth Shut at BET Awards

by Staff Reporter | 30 June 2015 | 8410 Views

Professor wants out of Kalawa - KWAITO star Professor wants out of Ka...

by Staff reporter | 30 June 2015 | 5975 Views
iBlog

Mobile Spy Software Maker Mspy Hacked

mspy, the makers of a software-as-a-service product that claims to help more than two million people spy on the mobile devices of their kids and partners, to have been massively hacked. a public relations pitch from mspy to krebsonsecurity in march ... Read More
SecNews 17 May 2015 ago

Tb Joshua Worst Enemy Angelique Tonge Exposed

About two years ago, we came out emphatically about those behind the t.b joshua watch. many were those who thought we were framing innocent people up or on a witch hunt. some events have vindicated us and the cat is out of the bag. it is said that no... Read More
pointblank 01 May 2015 ago