The new airline will be based in Fort Worth, Texas and common shares will be traded on Nasdaq under the symbol AAL.
The parent companies of American Airlines and US Airways, AMR Corp and US Airways Group, have announced the completion of their merger to formally become American Airlines Group Inc.
It is expected to take up to two years for the two carriers to complete the merger of personnel and planes, particularly achieving the Single Operating Certificate. For the time being, the two airlines will operate from separate websites and reservations systems.
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The new airline will operate nearly 6,700 daily flights to more than 330 destinations in over 50 countries.
“Our people, our customers and the communities we serve around the world have been anticipating the arrival of the new American,” said Doug Parker, CEO of American Airlines. “We are taking the best of both US Airways and American Airlines to create a formidable competitor, better positioned to deliver for all of our stakeholders. We look forward to integrating our companies quickly and efficiently so the significant benefits of the merger can be realised.”
US Airways will exit the Star Alliance on March 30, 2014 and join the oneworld alliance the following day, due to the merger. American Airlines was a founding member of oneworld.
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