Merger involving American Airlines takes a step forward
Friday, May 04, 2012
Employees at three American Airlines unions recently agreed to support a potential merger with US Airways Group, according to CNNMoney.
Citing information from a US Air document filed with the Securities and Exchange Commission, the news source states the unions involved are the Association of Professional Flight Attendants, the Allied Pilots Association and the Transparent Workers Union.
"Today's news does not mean we have agreed to merge with American Airlines," wrote US Airways Chief Executive Douglas Parker in a letter to his employees. "It only means we have reached agreements with these three unions on what their collective bargaining agreements would look like after a merger, and that they would like to work with us to make a merger a reality."
American Airlines has experienced strong support for its travel-based incentive and loyalty program. Its AAdvantage Program was recently named the Program of the Year at the 2012 Freddie Awards as it also took home more Freddie Awards than any other airline.
Investors can learn more about how this merger will affect the company's stocks by logging online and taking part in online stock trading.
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