Consumers to get more competition after US Air, American deal
The Department of Justice said Tuesday that US Airways and American Airlines had agreed to give up dozens of gates in New York and Washington to make way for their merger, now valued at $17 billion. “I think the outcome of this is very positive for the consumer,” said Jay Sorensen, the president of IdeaWorks, an airline research firm. “It allows a fourth entity to have a strong position against Southwest, United and Delta,” which US Air and American don’t have if they don’t merge, he said.
November 12, 2013