AA and LCC settled suit
Can't find a link yet, it's fresh news but the suit has been settled this am.
I was trading AAMRQ that's why I know ($$$) |
It'll be interesting to see what sort of divestitures had to happen to get this through and which airlines will be the beneficiaries of those divestitures.
So...what's the next consolidation scenario? |
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Originally Posted by tuktukdriver
(Post 1518316)
Can't find a link yet, it's fresh news but the suit has been settled this am.
I was trading AAMRQ that's why I know ($$$) Let it ride. |
Originally Posted by scambo1
(Post 1518327)
It'll be interesting to see what sort of divestitures had to happen to get this through and which airlines will be the beneficiaries of those divestitures.
So...what's the next consolidation scenario? "Under the terms of the settlement, the airlines will divest 52 slot pairs at Washington Reagan National Airport (DCA) and 17 slot pairs at New York LaGuardia Airport (LGA), as well as certain gates and related facilities to support service at those airports.[i] The airlines also will divest two gates and related support facilities at each of Boston Logan International Airport, Chicago O'Hare International Airport, Dallas Love Field, Los Angeles International Airport, and Miami International Airport. The divestitures will occur through a DOJ approved process following the completion of the merger. Despite the divestitures, the new American is still expected to generate more than $1 billion in annual net synergies beginning in 2015, as was estimated when the merger was announced in February." |
CNN is saying they're giving up 104 DCA slots and they're selling to LCCs only. That's pretty significant if its true.
US Airways and American Airlines reach deal with Justice to allow merger - Nov. 12, 2013 |
Originally Posted by MusicPilot
(Post 1518409)
CNN is saying they're giving up 104 DCA slots and they're selling to LCCs only. That's pretty significant if its true.
US Airways and American Airlines reach deal with Justice to allow merger - Nov. 12, 2013 "Under the terms of the settlement, the airlines will divest 52 slot pairs at Washington Reagan National Airport (DCA) and 17 slot pairs at New York LaGuardia Airport (LGA), as well as certain gates and related facilities to support service at those airports. " AMR Corporation and US Airways Announce Settlement with U.S. Department of Justice and State AGs | New American Arriving |
The settlement wil result in the new American operating 44 fewer DCA daily departures than the 290 that American and US Airways currently operate. At LGA, 12 fewer daily departures than the approximately 175 collectively operated today.
Included are eight DCA slot pairs that American currently leases to JetBlue and five LGA slot pairs that American leases to Southwest. |
Originally Posted by Stetson29
(Post 1518421)
The settlement wil result in the new American operating 44 fewer DCA daily departures than the 290 that American and US Airways currently operate. At LGA, 12 fewer daily departures than the approximately 175 collectively operated today.
Included are eight DCA slot pairs that American currently leases to JetBlue and five LGA slot pairs that American leases to Southwest. |
Originally Posted by Rabid Seagull
(Post 1518346)
Are you hoping to get real stock when the merger gets completed? I would think that all (AAMRQ) gets flushed when merged???
Let it ride. I'm not an investor, I trade the momentum during the day. AAMRQ will probably get flushed and they'll come up with a new stock ticker, but AAMRQ holders will get new shares. (Not sure but I think that's how they do it). |
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