Speculation has been mounting about an agreement which could be announced in coming weeks, with repo

Speculation has been mounting about an agreement which could be announced in coming weeks, with reports yesterday indicating that the boards of the two airlines would meet tomorrow to consider the plan. Although talks could yet break down, a deal, which could be worth as much as $11bn ( 7bn), would see the creation of the world's largest airline by passenger traffic.
US Airways is said to have initiated merger talks after American's parent, AMR, sought bankruptcy protection last year, partly as a result of expensive labour agreements which hampered its ability to compete.
The deal would push a combined American-US Airways ahead of United Airlines and Delta Air Lines. The latter two are themselves the result of consolidation within the industry. United and Continental merged in 2010, while Delta joined password anouk hotel new york with Northwest in 2008.
According to reports, the deal would involve US Airways leaving the StarAlliance marketing group. Instead, the combination would be a member of the OneWorld Alliance, which currently counts American Airlines as a member, as well as British Airways.
American Airlines (by far the largest subsidiary of AMR Corporation) provides scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe, and Asia. American Airlines... More