American Airlines Group
In January 2012, US Airways Group, the parent company of US Airways, expressed interest in taking over AMR Corporation, the parent company of American Airlines.[1] In March, AMR's CEO Tom Horton said that the company was open to a merger.[2] US Airways told some American Airlines creditors that merging the two carriers could yield more than $1.5 billion a year in added revenue and cost savings.[3] On April 20, American Airlines' three unions said they supported a proposed merger between the two airlines.[4] Under chapter 11 bankruptcy protection, American Airlines had been looking to merge with another airline. Earlier in July, a Bankruptcy Court filing stated that US Airways was an American Airlines creditor and "prospective merger partner"; on August 31, US Airways CEO Doug Parker announced that American Airlines and US Airways had signed a nondisclosure agreement, in which they would discuss the possibility of a merger.[5]
In February 2013, American Airlines and US Airways announced plans to merge, creating the largest airline in the world. In the deal, which is expected to close in the third quarter of 2013, stakeholders of AMR will own 72% of the company and US Airways shareholders will own the remaining 28%. The combined airline will carry the American Airlines name and branding; the holding company will be renamed American Airlines Group Inc.[6] The US Airways' management team, including CEO Doug Parker, will retain most operational management positions. The headquarters for the new airline will also be consolidated at American's current headquarters in Fort Worth, Texas.[7][8] US Airways will exit Star Alliance upon completion of the merger, and American will retain its oneworld alliance.
Hub network
US Airways' flying has focused on dominating in its four hub markets, "while American has suffered from trying to build hubs at airports it doesn't dominate."[9]
When completed, the merged airline will have the following hubs:[10]
| Airport | Area served | Airline before merger |
|---|---|---|
| Charlotte/Douglas International Airport | Charlotte, North Carolina | US Airways |
| Dallas/Fort Worth International Airport | Dallas, Texas | American Airlines |
| John F. Kennedy International Airport | New York, New York | American Airlines |
| LaGuardia Airport | New York, New York | American Airlines focus city US Airways former focus city |
| Los Angeles International Airport | Los Angeles, California | American Airlines |
| Miami International Airport | Miami, Florida | American Airlines |
| O'Hare International Airport | Chicago, Illinois | American Airlines |
| Philadelphia International Airport | Philadelphia, Pennsylvania | US Airways |
| Phoenix Sky Harbor International Airport | Phoenix, Arizona | US Airways |
| Ronald Reagan Washington National Airport | Washington, D.C. | US Airways focus city |
Fleet
As of February 2013, the merged company's fleet would consist of the following aircraft. US Airways has a minimum fleet size due to labor agreements.[11]
References
- ^ Matt Joyce, Staff Writer (January 26, 2012). "US Airways CEO confirms interest in American Airlines". Charlotte Business Journal. Retrieved March 24, 2012.
- ^ "American Airlines open to merger, CEO hints". publisher=Charlotte Business Journal. March 19, 2012. Retrieved March 24, 2012.
{{cite web}}: Missing pipe in:|publisher=(help) - ^ "WSJ: US Airways Considers Merger With American Airlines - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |". NewsOn6.com. Retrieved 2012-05-17.
- ^ "3 unions push American Air toward US Airways merger talks". chicago tribune. April 22, 2012. Retrieved April 20, 2012.
- ^ "Creditor, 'prospective merger partner' US Airways gives support to American exclusivity extension". LeveragedLoan.com. July 15, 2012.
- ^ "American Airlines' CEO to get $20 million severance". USAToday. February 19, 2013.
{{cite web}}: Unknown parameter|access date=ignored (|access-date=suggested) (help) - ^ "American Airlines, US Airways unveil $11 billion merger". Reuters. February 14, 2013.
{{cite web}}: Unknown parameter|access date=ignored (|access-date=suggested) (help) - ^ "AMERICAN AIRLINES AND US AIRWAYS TO CREATE A PREMIER GLOBAL CARRIER -- THE NEW AMERICAN AIRLINES" (Press release). Fort Worth, TX & Tempe, AZ: AMR & US Airways Group. 14 February 2013. Retrieved 2013-02-14.
- ^ http://business-news.thestreet.com/dallas-morning-news/story/6-key-items-to-watch-in-the-us-airwaysamr-merger/11840128
- ^ http://www.aa.com/arriving
- ^ http://www.azcentral.com/business/articles/2008/06/12/20080612biz-usairways0612.html