AMR Corp, American Airlines' bankrupt parent, on Wednesday received court approval to merge with US Airways Group Inc and create the world's largest airline. But one clause in the merger agreement - a $19.9 million severance package for Tom Horton, AMR's outgoing chief executive - was not approved by the judge at a hearing in U.S. Bankruptcy Court in Manhattan.
US Airways Group, Inc. operates and owns passenger and freight airline carrier. Shares of LCC traded higher by 0.85% or $0.14/share to $16.65. In the past year, the shares have traded as low as $7.41 and as high as $17.43. On average, 8685220 shares of LCC exchange hands on a given day and today's volume is recorded at 5345228.
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