A PYMNTS Company

US: Shareholders ignore opposition, clear US Airways, American merger

By  |  July 12, 2013

Despite controversy surrounding the deal, shareholders for US Airways announced shareholder approval for a merger with American Airlines on Friday, pushing the companies one step closer to becoming the world’s largest airline. The approval was announced by US Airways CEO Doug Parker and, in a statement, said the market’s “landscape has changed as other mergers have taken place.” Parker was chosen to head the new company pending regulatory clearance. The additional mergers Parker referred to include deals between Northwest and Delta, and Southwest and AirTran, creating carriers larger than US Airways and making it more difficult for the airline to compete. Opposition to the deal says airfare will rise for consumers.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: USA Today

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.