US Airways Group Inc., the carrier merging with AMR Corp.’s American Airlines, lowered the rate on $1.6 billion of term loans it’s seeking to refinance debt due next year, according to a person with knowledge of the transaction.
Dallas-Fort Worth International Airport is selling $366.5 million of debt this week as its primary carrier, American Airlines, prepares to merge with US Airways Group Inc. to create the world’s largest airline.
US Airways Group Inc. and AMR Corp.’s American Airlines are negotiating with banks including Barclays Plc and Citigroup Inc. to provide a branded credit card once they complete a merger creating the world’s largest carrier.
Some passengers encountered tardy flights in Los Angeles and Chicago because of a shortage of air- traffic controllers, as US Airways Group Inc.’s chief executive officer said the delays may sap travel demand.
United Continental Holdings Inc. posted a first-quarter loss, the only one among the major U.S. carriers, while Southwest Airlines Co. joined peers with profits in the slowest travel period of the year.