US Airways Group sees $1.5 billion in synergies from a potential merger with AMR Corp , the bankrupt parent of American Airlines, The Wall Street Journal reported on Tuesday. US Airways has told creditors of AMR that a potential combination of the two carriers could generate roughly $1 billion in additional revenue and some $500 million in nonunion cost savings, the report said.US Airways previously has said it hired advisers to explore a potential merger with AMR. The airline on Tuesday failed to comment on any talks that may be under way with creditors."The process lends itself to many conversations, but we do not plan to confirm or disclose the substance of any of those conversations that may take place during that assessment," a US Airways spokesman said.People familiar with the matter have told Reuters previously that unsecured creditors of AMR are concerned about the airline's plan to remain independent and want to explore benefits from a potential merger with US Airways or another carrier.
US Airways Group, Inc. (US Airways Group) is a holding company whose business activity is the operation of network air carrier through its wholly owned subsidiaries US Airways, Inc. Shares of LCC traded higher by 3.61% or $0.27/share to $7.74. In the past year, the shares have traded as low as $3.96 and as high as $10.35. On average, 8420140 shares of LCC exchange hands on a given day and today's volume is recorded at 6950980.
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