US Airways Group Inc and American Airlines, which announced earlier this month that they would merge to form the world's biggest air carrier, named executives on Monday to lead their integration team. Scott Kirby, president of US Airways, and Bev Goulet, chief restructuring officer at AMR Corp's American, will develop plans so the airlines can start melding as soon as the $11 billion merger closes, expected in the third quarter, the chief executives of the carriers said in a staff memo.A merged American-US Airways would have revenue of more than $38 billion based on 2012 figures, ahead of current No. 1 United Continental Holdings Inc, the product of a 2010 merger . US Airways began its pursuit of a merger not long after American filed for Chapter 11 bankruptcy protection in late November 2011.Kirby, who has been US Airways president since 2006, had a major role in negotiating with labor and analyzing the revenue and costs benefits expected from the merger, the memo said.Goulet was named American chief restructuring officer in December 2011 and has served as vice president for corporate development at the carrier since 2002. She had a prime role in negotiating the equity splits of 28 percent for US Airways and 72 percent for American stakeholders in the merger.
US Airways Group, Inc. operates and owns passenger and freight airline carrier. Shares of LCC fell by 3.91% or $-0.53/share to $13.04. In the past year, the shares have traded as low as $6.78 and as high as $15.64. On average, 7297860 shares of LCC exchange hands on a given day and today's volume is recorded at 5452318.
United Continental Holdings, Inc. (UAL) is a holding company and its principal, wholly owned subsidiaries are United Air Lines, Inc. Shares of UAL traded higher by 0.38% or $0.1/share to $26.46. In the past year, the shares have traded as low as $17.45 and as high as $26.84. On average, 4390870 shares of UAL exchange hands on a given day and today's volume is recorded at 3665062.
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