US AMERICAN AIRLINES MERGER?

News

An $11 billion dollar merger deal has been grounded at the 11th hour by US DOJ claiming it's a bad deal for all consumers.

The merger would have created the world's largest airline, but the Department of Justice, six state attorneys general and the District of Columbia filed a civil antitrust lawsuit today challenging the proposed merger between US Airways Group Inc. and American Airlines’ parent corporation, AMR Corp.

The department said that the merger, which would result in the creation of the world’s largest airline, would substantially lessen competition for commercial air travel in local markets throughout the United States and result in passengers paying higher airfares and receiving less service.

http://www.justice.gov/