An $11 billion dollar merger between American Airlines and US Airways has finally cleared the runway and is underway. The combination of the two airline giants will create a company that services 140 million passengers flights all across the world. Roughly 90,000 employees and about 951 planes will be the result of the combination of the two companies that will continue to be called American Airlines, yet under control of US Airways’ CEO Doug Parker.

In order to prevent monopolistic dominance for the consumer, the Justice Department has stated that the agency will force the new super giant to give up multiple gates at LaGuardia (NYC), LAX (L.A.) and Reagan National Airport (Washington, D.C.). The gates will be auctioned off to competitors with lower cost budgets, thus ultimately serving in the favour of consumers. After the government confirmed backing the deal, share prices of AMR, American Airlines parent comany, rose roughly 26%

http://www.latimes.com/business/la-fi-airline-merger-20131113,0,1206080.story#axzz2kVCRdGz8