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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Aug 15, 2013
Page
11
The DOJ suit to block the American Airlines and US Airways merger creates doubt on industry consolidation gains. Investors fear stalled growth could lower airfares and margins, while AMR and US Airways employees worry about job security and leadership changes amid bankruptcy.
The text argues a lawsuit could slow the merger plan between American Airlines and US Airways. It suggests settlement with the Justice Department, perhaps trading takeoff and landing slots at Reagan National. If blocked, United and Delta would pull ahead, with American weak on the East Coast and US Airways lacking Asia service.
Madrid area travel startup Minube nearly doubles its staff from 17 to 30 amid rising European demand. Co founder Pedro Jareno cites steady growth in Spain and surprising gains in Italy as the eurozone exits its longest recorded recession in Q2.
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