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Tuesday, Aug 13
More on the DOJ's block of the US Airways-American Airlines merger
- The quick analyst take on the lawsuit filed by the Department of Justice to block the merger of US Airways (LCC -7.4%) and American Airlines (AAMRQ.PK) is that the intent is to nullify the deal completely, not just win a few concessions on runway slots.
- A marriage of the two companies would narrow the field too much and let carriers easily play follow the leader on fare hikes, according to Assistant Attorney General Bill Baer.
- DOJ conference call transcript