January 26, 2014 |
The nation's airline industry has undergone so many mergers in the last decade that just four airlines and their regional carriers control more than 80% of all domestic air traffic. And despite warnings from consumer advocates, the merger mania is having a positive effect on the industry and is partly responsible for keeping fares low, according to a new study by PWC , the auditing and consulting firm formerly known as PricewaterhouseCoopers. The latest major airline merger was approved last month when American Airlines agreed to unite with US Airways to create the world's largest carrier.
January 7, 2014 |
A month after the merger of American Airlines and US Airways became official, the new carrier took steps Tuesday to give passengers access to the loyalty rewards programs and airport lounges for the two airlines. Airline officials said the merger that became official Dec. 9 may take up to two years to complete, creating the world's largest carrier. Starting Tuesday, members of American's AAdvantage and US Airways' Dividend Miles programs can earn and redeem miles while traveling on either airline.
December 3, 2013 |
The improving global economy has given media executives confidence for fiscal improvement in 2014 -- a year that could be punctuated by mergers and acquisitions in the media and entertainment sectors, according to a new report. Consulting firm Ernst & Young on Tuesday released its 9th Capital Confidence Barometer for the media and entertainment industry. The report -- a survey of senior executives of large media companies -- is intended to glean corporate concerns and boardroom trends.
November 25, 2013 |
The Southwest Museum, which sits on a hilltop in Mount Washington, is the oldest museum in Los Angeles, a historic landmark, a testament to longevity in a town without much of that. For decades, it housed and displayed objects from a world-class collection of Native American and Latin American artifacts. But age - the museum will be 100 years old next year - along with the Northridge earthquake and financial troubles took their toll. In 2003, the museum officially merged with the larger Autry Museum of Western Heritage, which is located in Griffith Park and was founded in 1988 by its namesake, the Hollywood cowboy Gene Autry, the Western actor Monte Hale and their wives.
November 12, 2013 |
It's a go. American Airlines and US Airways are set to merge, becoming the largest airline in the nation after a settlement with the U.S. Justice Department. The Justice Department was against the move, but the two airlines have agreed to its demands -- primarily, giving up landing slots and passenger gates at airports where they might have crushed the competition. (More from Hugo Martin: " Settlement OKs merger of American Airlines, US Airways . ") Our infographic below shows how the merger will add up. Click through for more information on the nation's newest, heftiest airline.
November 12, 2013 |
The Justice Department announced Tuesday that it has reached a settlement agreement to allow the merger of American Airlines and US Airways to form the nation's largest air carrier. The department, which sued in August to stop the merger, said that as part of the deal, it will require the airlines to give up landing slots and passenger gates at airports where the combined carrier would dominate its competition. The two airlines said they will abide by the Justice Department's demands to allow the merger.
November 12, 2013 |
American Airlines and US Airways moved another step closer to creating the world's biggest carrier but had to make concessions to help ensure the deal wouldn't lead to service cuts and higher fares. The Justice Department said Tuesday the agency would back the $11-billion combination under an agreement that the airlines give up dozens of gates at major hubs including New York, Washington and Los Angeles. Both sides heralded the agreement as a boon to consumers because those gates must be auctioned off to low-cost competitors.
November 5, 2013 |
If American Airlines and US Airways divest themselves from "key" airports, the U.S. Department of Justice may be willing to drop its challenge to a merger plan for the airlines. That is the word from U.S. Atty. Gen. Eric H. Holder Jr., who said the Justice Department was discussing a potential settlement of a suit the agency filed in August to halt the merger that would create the nation's largest airline. "What we have tried to focus on is to make sure that any resolution in this case necessarily includes divestitures of facilities at key constrained airports throughout the United States," Holder said during a press conference on an unrelated matter.
November 1, 2013 |
The U.S. Federal Trade Commission on Friday gave approval to a proposed $1.2-billion merger of Office Depot Inc. and OfficeMax, concluding that the move won't harm competition. The Trade Commission, which in 1997 blocked the merger of Office Depot Inc. and Staples Inc., said that market conditions have changed since then. Other retailers have beefed up their office supplies offerings and consumers can also go online, through Amazon, for instance, to purchase supplies, the commission said.
October 28, 2013 |
The U.S. Justice Department's lawsuit to halt the proposed merger of American Airlines and US Airways may be resolved without a court battle. The two sides have agreed to meet with a mediator at the suggestion of the judge who was set to hear the lawsuit aimed at stopping the creation of the world's largest airline, according to a court filing. But if mediation does not resolve the legal wrangling, the suit will likely begin Nov. 25 in the courtroom of Judge Colleen Kollar-Kotelly.