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American Airlines VP Franco Tedeschi and US Airways VP Kerry Hester on travel consequences of the American Airlines. U.S. Airways merger.
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-- in depth on that American US Airways merger Jeff Flock is at.
Airport in Chicago with what it means to you as an airline traveler I'm -- Jack.
Well you know other half be out here I've got the V piece of both US air and American with.
-- to them in just a moment but first the details take a look at the deal by the numbers the combined deal is expected to close some time Q3 of this year.
-- billion dollars in annual savings but maybe a billion dollars in cost to put it together to Doug Parker the new CEO of the new American.
And here's an interest in 172%.
To the American side 28%.
To the US airways' side and that includes for the American folks some of the folks who had American stock in bankruptcy that's unprecedented.
So this seems like a win win again.
A Franco to desk he who has the VP American Airlines.
Is -- a win win.
It is -- win win for our customers for employees incessantly as we thought about it.
You know that the combined airline in the position to create for the creditors not to our bankruptcy it's amazing Internet and to guess at this it is Kerry US Airways senior VP.
This is going to be of ground zero.
Battle in Chicago.
You've got united your friends just down -- down the terminal -- this is going to be a real battle zone.
I'm kids and we -- a -- are so excited to become a part of the American family.
And we think that the combined carrier will be stronger to compete better against the other two.
Major network global carriers in the last.
I wanna put up the stocks of the other competing airlines.
Someone to study and found that when you do a big merger like this the other airline stocks.
A move off as well.
But you're hoping.
For good things from your company that is now the biggest in the world.
We're excited about today's announcement because it that's exactly that allies us to be the number one airline attempt to size -- -- network.
And -- looking with a lot of excitement to become.
The -- -- for the United States and we're looking forward to going on networking given the customer more options as they -- to choose travel.
On either combined airlines before we get away quickly here.
Two vice president's.
Obviously going to be some synergies and combinations it's gonna save some money.
Is there one job here for the to review its -- oh we're gonna have a a pitched battle here.
We're looking -- great partnership that we -- -- build a global global premier -- and the important thing is that the merger is going to be great for our employees our customers in the communities that we there.
As well well put.
All positive here today but I would leave you with a quote from Warren Buffett who famously said.
I think -- had his forebears in the investment industry.
-- and farsighted back in the day.
They would of shot Orville and Wilbur down -- they -- -- gonna make money in the airline industry but there -- ago I leave you with that cautionary tale.
