Just a reminder for WT. WT, you might wanna take some pain killers prior to reading this one as it is going to hurt you to read it:
Delta, United Unlikely to Get AMR Slots, U.S. Official Says
By David McLaughlin - Nov 14, 2013 10:49 AM CT .
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Delta Air Lines Inc. (DAL) and United Continental Holdings Inc. (UAL) are unlikely to win U.S. approval to get take-off and landing rights given up by American Airlines to settle a lawsuit over its merger with US Airways Group Inc., a Justice Department official said.
Renata Hesse, a senior official in the department’s antitrust division, reiterated that the proposed settlement, which will allow AMR Corp. (AAMRQ)’s American to merge with US Airways, is designed to introduce competition at key airports by low-cost carriers.
“Whether somebody wants to try to get assets, we’re not going to stop people from trying,” Hesse told reporters. “But it’s hard for me to see how Delta and United would qualify -- would meet that description.”
The airlines must give up 104 flight slots at Reagan National Airport in Washington and 34 at New York’s LaGuardia Airport, along with smaller divestitures at five other airports, under the proposed settlement reached with the Justice Department Nov. 12. The agreement must be approved by a federal judge.
The accord positions the carriers to complete their combination in December, bringing AMR out of bankruptcy.