America Airline Group Begins Trading on Nasdaq Today as AAL

by Christopher Freeburn | December 9, 2013 10:18 am

America Airline Group Begins Trading on Nasdaq Today as AAL

American Airlines2 300x199 America Airline Group Begins Trading on Nasdaq Today as AAL[1]On Monday, two of the nation’s biggest airlines officially completed their merger[2].

The combined company formed by the combination of American Airlines and US Airways will now trade on the Nasdaq exchange under the symbol AAL. The new American Airlines Group (AAL[3]) will serve in excess of 50 countries and 330 cities with almost 6,700 flights per day, the Chicago Tribune notes.

Obtaining a single operating certificate is expected to take up to two years. In the near term, American Airlines and US Airways operations will continue more or less separately. The combined airline will be the world’s largest in terms of traffic[4].

Integrating the two airlines websites, ticket reservation systems and loyalty programs will likely take months.

The merger was announced earlier this year, but encountered objections from the Department of Justice, which sued to block it. The two airlines ultimately negotiated a deal with regulators to allow the merger to go forward[5].

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/05/American-Airlines2.jpg
  2. officially completed their merger: http://www.chicagotribune.com/business/breaking/chi-american-airlines-merger-20131209,0,6176534.story
  3. AAL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAL
  4. the world’s largest in terms of traffic: http://investorplace.com/2013/02/the-worlds-largest-airline-is-almost-here/#.UqXeEpG1Kf0
  5. ultimately negotiated a deal with regulators to allow the merger to go forward: http://investorplace.com/2013/11/new-american-airlines-arriving-whats-next-doj-antitrust-deal/#.UqXdwJG1Kf0

Source URL: http://investorplace.com/2013/12/america-airline-group-begins-trading-nasdaq-today-aal/
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