The merger between AMR Corporation and US Airways group was finalized today, combining American Airlines and US Airways to create the largest airline in the world, the new American Airlines.
This is the fourth major airline merger in the last five years, resulting in 80 percent of U.S. aviation being dominated by four airline companies.
The new American Airlines will have nearly 6,700 flights per day to more than 330 destinations in more than 50 countries, as well as more than 100,000 employees worldwide.
- Seth Kaplan, managing partner of the industry trade publication Airline Weekly.
This segment aired on December 9, 2013.