American Airlines, US Airways CEOs defend merger before Senate panel
The CEOs of American Airlines and US Airways reassured a Senate panel Tuesday that their merger would not lead to fewer flights or lost jobs in the lawmakers' states. The merger would yield the world's biggest airline and provide more competition for United and Delta, the CEOs said. But consumer advocates told the Senate antitrust subcommittee that the merger would lead to higher fares and less service to midsize cities. Diana Moss of the American Antitrust Institute said American and US Airways want to compete with giant global airlines. “I understand that — that's where the business is going and that's where the dollars are. But we have to find a way not to sacrifice U.S. consumers on the altar of global competition.”
Regulators allowed mergers of Delta and Northwest, United and Continental, and Southwest and AirTran, and most analysts expect the American-US Airways deal will be approved. Reflecting that sense of inevitability, the senators focused their questions on how the deal would affect constituents back home.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Butler County firm Deep Well Services tackles tough gas wells
- Merry marijuana: Holiday shoppers urged to think pot
- Axed contracts push doctors from network, UPMC says
- Budweiser beer brand gives Clydesdales pink slip for holidays
- Automakers aim to drive away car hackers by fortifying cyber defense
- Westinghouse to construct colossal nuke plant in Turkey
- 153-year-old Venango well pumps out oil, history
- Stocks stake claim in record territory
- Small retailers at intersection of social networks, foot traffic
- Honda admits failing to report deaths, injuries
- Business Council for Peace program works to export profits, peace