real-time news and commentary for investors
Wednesday, Aug 14
Analysis: Blocked US Airways-American merger could hurt consumers
- The Department of Justice is missing the big picture by attempting to block the merger of US Airways (LCC) and American Airlines (AAMRQ.PK) or force a divestiture, according to airline industry analysts.
- The take: Other carriers aren't ready to service smaller communities that could be clipped by the DOJ intervention and fares are moving higher on capacity cuts irrespective of the American-US Airways combination.