Chicago Tribune (December 9, 2013)
“The world’s biggest airline opens for business on Monday. Chicago has a huge stake in its success.” American Airlines Group Inc. will be formed from the merger of American Airlines and US Airways. The new group will complete against United-Continental and Delta-Northwest in what many see as a more stable competitive sphere. As “the only city in the country with three airline hubs” (American, United and Southwest), Chicago looks poised to benefit from this consolidation.
Tags: American, American Airlines, Chicago, Continental, Delta, Hubs, Merger, Northwest, Southwest, United, US Airways
New York Times (February 14)
“The mega-merger is back.” Big deals were out for five years. “Wall Street deal makers and chief executives, brought low by the global financial crisis, lacked the confidence to strike the audacious multibillion-dollar acquisitions that had defined previous market booms.” In 2013, the cycle changed with the announced takeover of Heinz and the proposed merger of US Airways and American Airlines. “Merger activity has suddenly roared back to life.”
Tags: American Airlines, Heinz, M&A, Market cycle, US Airways, Wall Street
