AMR and U.S. Airways settle with DOJ

|By:, SA News Editor

AMR (AAMRQ +24%) soars upon settlement of the DOJ suit over its merger with U.S. Airways (LCC -0.6%).

The two will divest 52 slot paris at Reagan National and 17 at LaGuardia, as well as two gates each at Logan International, O'Hare, Love Field, LAX, and Miami. Even with the divestitures, the new American is expected to generate net synergies of more than $1B beginning in 2015.

IYT +0.6%.