The boards of American Airlines and US Airways just approved a merger of the two airlines. But the deal still has to win the approval of antitrust regulators at the Justice Department — regulators who last month sued to stop a merger between the beer giants Anheuser-Busch InBev and Grupo Modelo, which brews Corona.
The antitrust division has dozens of economists on staff. Their job, essentially, is to figure out whether a merger would reduce competition so much that a company could raise prices without losing business to competitors.
It appears the American Airlines and US Airways are going to merge. There are multiple reports that late today the boards of the two companies approved the merger, which will create the country's largest carrier. The deal, if it survives regulators' antitrust review, will allow American to emerge from bankruptcy.
NPR's Wade Goodwyn joins us from Dallas with more on the merger. And Wade, what will the airline be called and what else can you tell us about the makeup of the newly merged company?
If you were dreaming of flying soon in a Boeing 787 Dreamliner, you have to wake up: Federal Aviation Administration isn't rushing its review of the grounded aircraft.
"We need to get to the bottom of the recent issues with the batteries in the 787 and ensure their safety before these aircraft can be put back in service," U.S. Transportation Secretary Ray LaHood said today at an Aero Club luncheon in Washington.