On Thursday, US Airways and American Airlines announced plans to merge and in the process create the world’s largest airline.
The merger has an equity value of $11 billion, according to a press release. American
Airlines is waiting on the United States Bankruptcy Court for
confirmation and approval from US Airways shareholders to make the
merger final.
Laura Aguiar, Gainesville Regional Airport spokeswoman, said there’s
no way to tell how the merger will affect services at smaller airports
like Gainesville’s airport, which has seen an increase in the number of
travelers coming through the airport.
“We recently netted a fourth airline,” Aguiar said. “So our
competitive pricing and our fares have actually gotten better. And we
kind of bucked the trend just because we are a growing community, and
that has really been good for us.”
A Gainesville travel agency said less competition might hurt travelers.
“Fares have gone up in the last year, flights are still running full
and the demand is high. So, of course, as long as there’s a strong
demand they’ll continue to increase the fares,” said Bob Todd, owner of World Class Travel.
Travelers on American and US Airways won’t notice immediate changes,
until the merger is approved, according to the press release. The
release said there are no changes to either airlines’ frequent flyer
programs, and miles will continue to be honored, of either airline at
the time.
Travelers will be notified on frequent flyer program updates as that
information becomes available, American Airlines said in the release.
American Airlines’ bankruptcy case began in November of 2011, according to the Wall Street Journal. The journal said airline mergers happen in order to boost revenues and drive costs down.
“Together, we will be even better positioned to deliver for all of
our stakeholders, including our customers, people, investors, partners
and the many communities we serve,” said Thomas Horton, CEO, president
and chairman of American Airlines, in the press release.
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