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US moves to block US Airways-American Airlines merger

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(Globalpost/GlobalPost)

The US Justice Department and several states filed suit Tuesday to block the $11 billion merger between American Airlines and US Airways, saying it would cut competition in the industry.

"The merger, which would result in the creation of the world's largest airline, would substantially lessen competition for commercial air travel in local markets throughout the United States and result in passengers paying higher airfares and receiving less service," the department said in a statement.

pmh/jm

http://www.globalpost.com/dispatch/news/afp/130813/us-moves-block-us-airways-american-airlines-merger