American Airlines, U.S. Airways Announce Merger

The $11 billion deal will form the world's largest airline.
3:00 | 02/14/13

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:



Skip to this video now

Now Playing:


Related Extras
Related Videos
Video Transcript
Transcript for American Airlines, U.S. Airways Announce Merger
news for anyone who flies. American airlines, u.S. Airways have announced their long-awaited merger. A massive $11 billion deal to form the world's largest airline. What does it mean for travelers? Abc's lisa stark has some answers. Reporter: They've been dating for over a year. This morning, a marriage is at hand. It would be a megamerger, combining american's 3,500 daily flights with u.S. Airways' 3,000 departures. The new airline would carry more than 130 million passengers a year. The merger announcement is a mixed bag for consumers. In the short-term, very little is going to change. Reporter: That's because it takes more than a year to truly merge two airlines. It's a complicated and messy business. And in the long run, the merger reduces competition. And that can run up fares. For the average traveler, a person travels two or three times by plane, a merger is generally not good news because it's going to impact their wallet. Reporter: Five years ago, there were six major traditional airlines in the u.S. But then, delta hooked up with northwest. United with continental. If u.S. Airways and american get hitched, that leaves three, big carriers and low cost giant, southwest. One thing passengers won't have to worry about is losing their coveted frequent flier miles. A combined airline allows more chances to wrack up those points. Now, this merger still needs approval from the american airlines bankruptcy judge, as well as the department of justice. For now, it's business as usual. If you're holding a ticket on american, you head to american. If you're holding a ticket on u.S. Airways, you are leaving on one of their jet planes.

This transcript has been automatically generated and may not be 100% accurate.

{"id":18499150,"title":"American Airlines, U.S. Airways Announce Merger","duration":"3:00","description":"The $11 billion deal will form the world's largest airline.","url":"/GMA/video/american-airlines-us-airways-merger-11-billion-deal-18499150","section":"GMA","mediaType":"default"}