Cookie consent

We use cookies to improve your experience on this website. By continuing to browse our site you agree to our use of cookies. Tell me more | Cookie preferences

Airline merger cleared for takeoff

(FILES)A US Airways tail rests in this April 23, 2012 photo on the tarmac near an American Airlines plane at Ronald Reagan Washington National Airport in Arlington, Virginia. The US Justice Department and several states sued August 13, 2013 to block the $11 billion merger between American Airlines and US Airways, saying it would cut competition and push fares significantly higher. It said the two could well stand on their own in the business and that combining them would hike ticket prices in an industry already rife with quiet cooperation on fares. The move effectively dragged to a halt the long-pending merger to create the world's largest airline, as American Airlines and its parent AMR Corp. exit bankruptcy restructuring. AFP PHOTO/Jim WatsonJIM WATSON/AFP/Getty Images

    Just Watched

    Airline merger cleared for takeoff

The U.S. government has approved a merger between American Airlines and US Airways. CNN's Richard Quest explains.