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American, US Airways announce $11 billion merger

2 years ago February 14, 2013 Feb 14, 2013 Thursday, February 14 2013 Thursday, February 14, 2013 5:14:48 AM EST in News
Source: Associated Press

DALLAS - American Airlines and US Airways say they're merging in a deal they value at $11 billion, creating the world's biggest airline.

The combined carrier will be called American Airlines but run by US Airways CEO Doug Parker.

The airlines announced their deal Thursday.

It reduces the number of major U.S. airlines to four.

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