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FBN's Rich Edson on the testimony of the CEOs of US Airways and American Airlines before the Senate on the proposed merger of the two companies.
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-- all right -- and US Airways American airline CEOs questioned by senate committee regarding.
Concerns that their proposed merger will reduce competition also raise ticket prices at Stetson is live on Capitol Hill with more -- hey rich.
Hey guys you know it seems to me this every so often here on Capitol Hill to airlines looking -- this would create the largest airline in the United States -- and it.
-- the same questions that we've been hearing over the last few years for some of the other mergers here in the US especially when he came to delta and united this one US Airways and American.
Questions as to whether a merger would eliminate routes to underserved cities.
And questions about fare increases.
Analysis there's not -- one -- fare increase and -- this is this is this the U synergies are not built upon.
Assume fare increases rather on what I just said.
Did you networks together.
That allow us to attract more customers we're concerned that higher fares could result on routes were healthy competition is lost.
There's fewer airlines mean less reason to resist their hearts now.
Industry maintains that fare increases -- -- -- -- even less than inflation especially when you consider the price of fuel it's gone up over the past decade when these mergers really started.
Picking up in the early part of the last decade also want top of this they claim that only twelve of the 900 domestic routes.
Are overlapping when you consider both airlines are still.
Plenty of process to go here department of transportation Department of Justice have to sign off on this and remember American Airlines and when bankruptcies due to bankruptcy court also.
To give -- the okay.
Back to you.
