American Airlines has emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner after the two completed their deal Monday to create the world's biggest airline. It's the latest in a series of mergers that will leave four airlines controlling more than 80 percent of the U.S. air-travel market and with more power than ever to limit seats and boost profits. American emerges from bankruptcy as American Airlines Group Inc. The American Airlines name will live on, while US Airways will join Continental, Northwest and other airlines that now exist only in the memories of employees and longtime travelers.
Source: FOX NEWS
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