Breaking News

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

by Staff Reporter
15 February 2013 | 3060 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

Comments

Latest News

Mugabe's tour de force - THE Robert Gabriel Mugabe Square lived up to ...

by Staff Reporters | 26 May 2016 | 133 Views

'Time now ripe for Khama to move to a better league in Europe' - WARRI...

by Grace Chingoma | 26 May 2016 | 121 Views

'Robert Mugabe is irreplaceable,' says Grace - ZANU-PF women's league ...

by Nduduzo Tshuma | 26 May 2016 | 104 Views

Man axed to death for bedding a rival's lover

by Staff Reporter | 26 May 2016 | 166 Views

'I'm going nowhere,' says Mugabe - PRESIDENT Robert Mugabe yesterday s...

by Nduduzo Tshuma | 26 May 2016 | 154 Views

Chief Masuku dies after 23 years in power - CHIEF Malaki Masuku of Mat...

by Staff Reporter | 26 May 2016 | 173 Views

Air Zimbabwe boss murder suspect arrested

by Staff Reporter | 26 May 2016 | 419 Views

Mental patient 'kills' sangoma - A MENTALLY-ILL Bulawayo man allegedly...

by Mashudu Netsianda | 26 May 2016 | 215 Views

Mugabe sets free all female prisoners - President Robert Mugabe has pa...

by Staff Reporter | 26 May 2016 | 634 Views

Zanu-PF members told to uphold the spirit of unity - PRESIDENT Robert ...

by Nduduzo Tshuma | 26 May 2016 | 184 Views

Jailed top prosecutor granted bail - FORMER Bulawayo acting regional p...

by Mashudu Netsianda | 26 May 2016 | 305 Views

ZPC Kariba overpower Hwange - ZPC Kariba 1 - 0 HwangeNEVER Tigere scor...

by Staff reporter | 26 May 2016 | 172 Views

Ex-Mpilo boss set free - THE High Court has quashed both the convictio...

by Mashudu Netsianda | 26 May 2016 | 222 Views

Public hearing for Bulawayo Power Station - THE Zimbabwe Power Company...

by Business Reporter | 26 May 2016 | 174 Views

Let's treasure unity - Mugabe's speech in FULL - We publish here a ful...

by Robert G Mugabe | 26 May 2016 | 147 Views

DNA tests settle child-swap row - DNA tests conducted at the National ...

by Elizabeth Tsuro | 26 May 2016 | 274 Views

Zanu PF’s mischief and tomfoolery gone too far.

by Stephen Jakes | 26 May 2016 | 258 Views

MLF denounces Zanu PF march

by Stephen Jakes | 26 May 2016 | 181 Views

Is Mugabe's rule under threat, why march?- commentator

by Stephen Jakes | 26 May 2016 | 307 Views

ICAED call for the bringing back of abducted citizens

by Stephen Jakes | 26 May 2016 | 155 Views

Murder suspects blames beer

by Staff Reporter | 26 May 2016 | 210 Views

Caps United player Gutu trail postponed

by Staff Reporter | 26 May 2016 | 174 Views

Soldier fails to pay rentals

by Staff Reporter | 26 May 2016 | 257 Views

Quotable quotes on Zanu PF #MillionManMarch

by Staff reporter | 25 May 2016 | 1910 Views

Mugabe claims Zimbabweans are 'angry' at talk of him retiring

by Staff reporter | 25 May 2016 | 1815 Views

Zanu-PF's million march, a spectacular flop - claims MDC-T

by Obert Chaurura Gutu | 25 May 2016 | 2897 Views

Mugabe's show of force

by Agencies | 25 May 2016 | 2531 Views

Entertainment

Sandy, Khuliyo show tickets selling like hotcakes - THE Sandra Ndebele...

by Bongani Ndlovu | 26 May 2016 | 135 Views

Zimbabwe-born Olivier excels in SA music contest - Zimbabwe-born Jerem...

by Staff reporter | 25 May 2016 | 1233 Views

After Flashbacks and Setbacks press brief - A EDZAI ISU Theatre Arts P...

by Staff Reporter | 25 May 2016 | 365 Views

Gringo turns to music - "I am an artiste and have passion for acting. ...

by Sophia Chese-Msowa | 25 May 2016 | 1358 Views

Dj Zinhle dying to be in Bulawayo

by Thobekile Zhou | 24 May 2016 | 2483 Views

How Oskido fell in love with Kwaito - SOUTH African music mogul Oscar ...

by Bongani Ndlovu | 24 May 2016 | 1984 Views
iBlog

Apple Watch Teardown Reveals Unique Hardware And Replaceable Parts

The apple watch may not be fine jewelry, but bill detwiler cracks it open and shows you why he thinks it's a fine piece of tech. the apple watch may be beautiful on the outside, but how about on the inside? in this cracking open installment, we go in... Read More
Sergey 11 June 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