Airline investors have benefited from mergers, so they’re not too happy that the proposed tie-up between American and US Airways is in jeopardy.
Airline stocks fell for a second day Wednesday after the Justice Department sued to stop the merger.
The CEOs of both American and US Airways have said their airlines can prosper without the merger. But it’s clear that investors think they would prosper more by combining — and that other airlines would benefit as well.
US Airways shares had more than do...
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