American Airlines and US Airways Group Inc. reached an agreement with the U.S. Justice Department over the government’s bid to block their merger, clearing the way to a tie-up that would create the world’s biggest carrier.
Delta Air Lines Inc. and US Airways Group Inc. were told by the U.S. that they must surrender 75 percent more flights to competitors than they proposed in order to swap slots in New York and Washington.
The U.S. settlement allowing the merger of American Airlines parent AMR Corp. and US Airways Group Inc. to go through will open the door to more low-cost carriers at Washington’s Ronald Reagan National Airport.
Southwest Airlines Co. and JetBlue Airways Corp. told regulators they’re interested in acquiring Washington flight slots that may be available under a settlement of the U.S. lawsuit to block the American Airlines-US Airways Group Inc. merger, people familiar with the matter said.
Two airliners landed in error at Washington’s Reagan National Airport March 23 after the lone tower controller on a midnight shift fell asleep and regional officials reacted incorrectly, a U.S. accident investigation concluded.