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On February 14, 2013, US Airways Group and AMR Corporation officially announced that the two companies would merge to form the largest airline in the world. The combined airline will carry the American Airlines name and branding, while US Airways' management team, including CEO Doug Parker, will retain most operational management positions.
The "America West Holdings" stockholders were required to authorize these changes. Upon completion, 37% of the new "US Airways Group" would be owned by "America West Holdings" stockholders, 11% by the old "US Airways Group" debtholders and 52% by new equity investors. [37] The result was the fifth largest US-based airline in terms of revenue. [38]
American Airlines Group Inc. is an American publicly traded airline holding company headquartered in Fort Worth, Texas.It was formed on December 9, 2013, by the merger of AMR Corporation, the parent company of American Airlines, and US Airways Group, the parent company of US Airways. [5]
The 10-second takeawayFor the quarter ended Dec. 31 (Q4), US Airways Group met expectations on revenues. Compared to the prior-year quarter, revenue US Airways Group Posts a Surprise Profit
In 2013, American Airlines merged with US Airways but kept the American Airlines name, as it was the better-recognized brand internationally; the combination of the two airlines resulted in the creation of the largest airline in the United States, and ultimately the world. [21]
Margins matter. The more US Airways Group (NYS: LCC) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.