Mergers & Acquisitions Julia & Daniel Lopes
Corporate management Merger Consolidation Acquisition Takeover
American Airlines – US Airways “This agreement has the potential to shift the landscape of the airline industry.” Eric Holder
Table of content Facts and figures American Airlines US Airways The merger Lawsuit US regulators’ decision Forecast and possible consequences Sources
American Airlines Founded: 1930 Main Hub: Dallas/Fort Worth Fleet: 616 Destination: th largest airline company worldwide
US Airways Founded: 1937 Main hub: Charlotte/Douglas Fleet: 631 Destination: th largest airline company worldwide
The Merger The world’s larger airline company $11bn merged entity 1’500 aircrafts $39bn revenue Employ 100’000 Third major US airline merger since 2008
Routes map after merging
Antitrust lawsuit Joseph Alioto – FDC in SF on behalf of 40 consumers Fewer flights Reduced service to small cities Lower quality of service 4 airlines controlling 90% of domestic airline industry
US regulators Settlement with conditions Giving up slots to low cost carriers in several airports 57 Washington DC 34 New York City 2 slots at Boston Chicago Dallas Los Angeles Miami
Forecast / Consequences Judge approval More competition with low cost carriers Rise of ticket prices Finalization of American Airlines turnover
Sources content/uploads/2013/09/cD03MGVkNTVmYWU4MzZjZjg0MjhjOWE0ODNhYzY3MmU4NSZnPWQ1OTlkOGJlMjBlYjE0YzViOGY1YmVmZTNhMDJlNjJm-1280x727.jpeg content/uploads/2013/09/cD03MGVkNTVmYWU4MzZjZjg0MjhjOWE0ODNhYzY3MmU4NSZnPWQ1OTlkOGJlMjBlYjE0YzViOGY1YmVmZTNhMDJlNjJm-1280x727.jpeg