American Airlines and US Airways: Service to More Global Destinations. (PRNewsFoto/American Airlines)
FORT WORTH, Texas and TEMPE, Ariz., Feb. 14, 2013- Thursday, US Airways and American Airlines announced the boards of directors of both companies had unanimously approved a definitive merger agreement under which the companies will combine to create a premier global carrier, which will have an implied combined equity value of approximately $11 billion based on the price of US Airways' stock as of February 13, 2013.
The combined airline will offer more than 6,700 daily flights to 336 destinations in 56 countries. The combined airline is expected to maintain all hubs currently served by American Airlines and US Airways, resulting in more travel options for customers. Both airlines expect that the regional carriers they own – AMR Corporation's American Eagle and US Airways' Piedmont and PSA – will continue to operate as distinct entities, providing seamless service to the combined airline. The company will be headquartered in Dallas-Fort Worth and will maintain a significant corporate and operational presence in Phoenix.
"Today, we are proud to launch the new American Airlines – a premier global carrier well equipped to compete and win against the best in the world," said Tom Horton, Chairman, President, and Chief Executive Officer of American Airlines. "Together, we will be even better positioned to deliver for all of our stakeholders, including our customers, people, investors, partners, and the many communities we serve.
The combined airline is expected to:
Provide the most service across the East Coast and Central regions of the U.S., including the East Coast shuttle, enhancing the combined carrier's competitive position
Expand its presence and further strengthen the network in the Western U.S.
Bolster American's industry-leading position in Latin America and the Caribbean
Enhance connectivity within the oneworld Alliance – including joint businesses with British Airways and Iberia across the Atlantic and with Japan Airlines and Qantas across the Pacific – creating more options for travel and benefits both domestically and internationally
Serve 21 destinations in Europe and the Middle East
Maintain current hubs of both American Airlines and US Airways, resulting in more choices for customers
Improve traffic flows through the existing hubs of both carriers
Expand service from those hubs to offer increased service to existing markets and service to new cities
Provide an industry-leading travel experience through innovative initiatives intended to increase comfort and connectivity for all customers
Improve valuable loyalty program benefits through expanded opportunities to earn and redeem miles across the combined network
Customers can continue to book travel and track and manage flights and frequent flyer activity through AA.com or USAirways.com, and will continue to enjoy all benefits and rewards of the AAdvantage and Dividend Miles frequent flyer programs. At this time, there are no changes to the frequent flyer programs of either airline as a result of the merger agreement. All miles in both programs will continue to be honored.
The merger is conditioned on the approval by the U.S. Bankruptcy Court for the Southern District of New York, regulatory approvals, approval by US Airways shareholders, other customary closing conditions, and confirmation and consummation of the Plan. The combination is expected to be completed in the third quarter of 2013.
Thursday, February 20 2014 7:42 PM EST2014-02-21 00:42:09 GMT
Behind the glory of football there are the scars and bruises. Some visible, some not. We still have much to learn about the health risk football puts on it's players, but some of the biggest strides inMore >>
Behind the glory of football there are the scars and bruises, some visible, some not. We still have much to learn about the health risk football puts on it's players, but some of the biggest strides in research are happening on South Dakota's fields.More >>
Saturday, March 8 2014 11:06 AM EST2014-03-08 16:06:58 GMT
KUALA LUMPUR, Malaysia (AP) — Vietnamese air force planes on Saturday spotted two large oil slicks close to where a Malaysia Airlines Boeing 777 went missing earlier in the day, the first sign that theMore >>
There was no confirmation that the slicks were related to the missing plane, but the statement said they were consistent with the kinds that would be produced by the two fuel tanks of a crashed jetliner.More >>
Friday, March 7 2014 11:09 PM EST2014-03-08 04:09:14 GMT
KUALA LUMPUR, Malaysia (AP) - Search and rescue teams are looking for a Malaysia Airlines passenger jet with 239 people aboard - including three adult Americans and one infant. The airline says it lostMore >>
Malaysia Airlines says the plane was carrying 227 passengers, including two infants, and 12 crew members.More >>
Friday, March 7 2014 10:31 PM EST2014-03-08 03:31:23 GMT
Six weeks after arson shuttered the Co-op Natural Foods Store, shelves are stocked and customers are coming through the doors once again. And it's not just the food they're excited about. "The thingMore >>
Six weeks after arson shuttered the Co-op Natural Foods Store, shelves are stocked and customers are coming through the doors once again.More >>
Friday, March 7 2014 9:19 PM EST2014-03-08 02:19:54 GMT
A Yankton man was found dead in a mobile home, Friday morning and Police are calling it a homicide. It happened on the 1100 block of E. 8th Street near Peninah Street. That's on the southeast part ofMore >>
Authorities say a Yankton man has been charged with second-degree homicide as murder in connection with his uncle's death.More >>
Friday, March 7 2014 9:04 PM EST2014-03-08 02:04:53 GMT
The Aberdeen Regional Airport is going to try and add a little excitement to its walls. The airport has hired Aberdeen artists Nick and Nicole Fischer to paint a mural to place on the wall in the airport'sMore >>
The Aberdeen Regional Airport is going to try and add a little excitement to its walls. The airport has hired Aberdeen artists Nick and Nicole Fischer to paint a mural to place on the wall in the airport's center waiting room. The mural will depict Aberdeen's history.More >>
Friday, March 7 2014 8:57 PM EST2014-03-08 01:57:38 GMT
KUALA LUMPUR, Malaysia (AP) - Malaysia Airlines says it has lost contact with a plane carrying 227 passengers and 12 crew on route from Kuala Lumpur to Beijing. The airline says that Flight MH370 hasMore >>
The airline says that Flight MH370 has lost contact with Subang air traffic control at 2:40 a.m. Saturday.More >>
Friday, March 7 2014 8:37 PM EST2014-03-08 01:37:00 GMT
Sporting their favorite jerseys, they huddle around former Viking Ben Leber just hoping he'll sign one of their items. But, Leber isn't in at Robert Bennis Elementary in Brandon to talk football.More >>
More than 60 percept of students don't eat breakfast daily, that's according to the American College of Sports Medicine. So, what's being done to change this statistic?More >>