American, US Airways announce $11 billion merger

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DALLAS — American Airlines and US Airways agreed today to merge in an $11 billion deal that would create the world’s biggest airline.

The combined carrier will be called American Airlines and be based in Fort Worth. It expects to have $40 billion in annual revenue.

The merger, expected to close in this year’s third quarter, will reduce the number of major U.S. airlines to four: the new American, United, Delta and Southwest.

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