FORT WORTH — American Airlines emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner as the two completed their deal Monday to create the world’s biggest airline.
It’s the latest in a series of mergers that will leave four airlines controlling more than 80 percent of the U.S. air-travel market. With less competition, the airlines have successfully limited the number of seats, increasing prices and returning to profitability.
American’s old parent, AMR Corp., is gone, replaced by the new American Airlines Group Inc.
Read tomorrow's Arkansas Democrat-Gazette for full details.