Report: AMR and U.S. Airways have settled with DOJ

|By:, SA News Editor

AMR (AAMRQ) and U.S. Airways (LCC +3.7%) are reported to be settling with the DOJ over the antitrust lawsuit filed by the government.

Airline stocks took off earlier this morning with word on a deal already leaking out.

The case was set to go to trial on November 25.