Sunday, February 10, 2013
AMR, US Airways Said to See Merger Talks Into Midweek
This article deals with a huge merger between US Airways and AMR. The deal is said to be worth $11 billion and would create the largest carrier company in the world. This deal will be something to keep an eye on because of how big of a deal it is with money and just in general. Creating a company this big will be huge for the companies and will create an interesting situation with people's jobs as well...
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Mergers usually look good when it is this big. However, I doubt if this is going to be good news for the consumers. This seems to me to be another creation of another "too big to fail" corporation. Theoretically, a monopoly might be formed and when it is, costs are reduced to raise profits. For an instance: fewer available and more costly seats plus annoying extra charges for first bags, for poor food, and for an Internet connection.
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