Report: American, US Airways Boards To Meet This Week

9:57 AM, Feb 12, 2013   |    comments
Logo images from American Airlines and US Airways (AP file)
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Ben Mutzabaugh, USA TODAY

Rumors, speculation and reports citing unnamed sources continue to swirl around a potential merger between American and US Airways.

The latest comes from The Wall Street Journal. In a report that cites "people close to the discussions," the newspaper says directors of both American and US Airways plan to meet tomorrow (Feb. 13) to consider a merger.

FULL REPORT: AMR, US Airways boards to meet to consider merger (The Wall Street Journal

In its report, the Journal writes:

The two companies could disclose a deal later that day or on Thursday, the people said. Nearly all the significant points of the deal have been finalized, they said.
Some outstanding issues remained, which could delay the scheduled board meetings and the announcement of the merger by a day or perhaps into next week, the people cautioned.

The Journal's report suggests the companies may be trying to finish a deal before Friday, when a confidentiality agreement covering some AMR bondholders expires. That could result in public disclosure about negotiation details.

The latest report comes after the boards apparently pushed off previously planned Monday meetings.

Regardless of when -- or if -- a deal happens, a merger between the two carriers would create the world's biggest airline by passenger traffic, though United would still be bigger if its regional United Express affiliates are counted. United, of course, is fresh off its merger with Continental that made it the world's biggest. United surpassed Delta, which itself moved to No. 1 after its merger with Northwest.

The Associated Press contributed to this report.

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