US Airways Shareholders Vote On American Merger
US Airways' CEO says shareholders have approved the proposed merger with Fort Worth-based American Airlines, one of the final steps remaining in the deal to create the world's biggest airline.
Watch CBS News
US Airways' CEO says shareholders have approved the proposed merger with Fort Worth-based American Airlines, one of the final steps remaining in the deal to create the world's biggest airline.
Officials in Texas and nearly 20 other states may have been reviewing the proposed merger of American Airlines and US Airways for far longer than previously known.
American Airlines and US Airways are facing a lawsuit over their planned merger. It claims that the merger will bring higher fares, fewer flights, and the firing of thousands of employees.
The attorney general of Texas and counterparts in other states joined a U.S. Department of Justice review of the proposed merger between American Airlines and US Airways.
A government analyst says the merger of American Airlines and US Airways would reduce competition on more than 1,600 routes traveled by more than 53 million passengers.
There has been a shake-up for the management team at American Airlines. The changes were announced on Monday morning, and are set to start once the company merges with US Airways.
American Airlines' creditors could begin voting this month on the company's turnaround plan and proposed merger with US Airways.
The Teamsters union is trying to replace the union that represents mechanics at American Airlines.
Two major unions are seeking to avoid a fight and instead share representation of ground workers at Fort Worth-based American Airlines after the company merges with US Airways.
American Airlines and US Airways will soon announce the senior executives of their combined company. The airlines said that an announcement could come in late May or early June.
The president of the AFL-CIO is concerned that the merger of American Airlines and US Airways will trigger a costly fight between two unions over ground workers.
A federal bankruptcy judge has denied a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways.
The parent company of American Airlines lost $192 million in February despite slashing labor costs by 20 percent. The loss was much narrower than in February 2012.
The widely-expected decision by Judge Sean H. Lane helps clear the way for the two carriers form the world's biggest airline, with 6,700 daily flights and annual revenue of roughly $40 billion.
American Airlines and US Airways are expected to move one step closer toward a merger on Wednesday, as a bankruptcy judge is set to consider approving the agreement.
A federal official opposes a nearly $20 million severance payment to the CEO of the parent company of American Airlines in the carrier's proposed merger with US Airways.
American Airlines has promoted an executive closely involved in overseeing the proposed merger with US Airways.
The CEO of JetBlue Airways Corp. expects closer ties with its partner carriers -- including American Airlines.
The parent company of American Airlines earned $44 million in January. A year earlier, AMR lost $234 million during the early stages of its 2011 bankruptcy reorganization.
Flight attendants at US Airways approved a new contract that wraps up some unfinished business from the airline's 2005 merger with America West.
US Airways CEO Doug Parker, the man in line to lead American Airlines after the two carriers merge, expects to announce a new management team before closing the deal.
Leaders from American Airlines and US Airways have told lawmakers that combining their companies will benefit consumers by creating tougher competition.
A bankruptcy judge will consider the merger of American Airlines and US Airways on March 27. The two carriers last week announced plans to merge in an $11 billion deal.
When the airline filed for bankruptcy in November 2011, Tom Horton was simultaneously elevated to CEO. But from the minute he reached the top, a number of forces started converging against him.
AMR CEO Tom Horton won't get to lead the new American Airlines after it merges with US Airways, but he will get a going-away prize of nearly $20 million.
