American Airlines bankruptcy? AMR CAN EMERGE FROM BANKRUPTCY WITHOUT MERGER, AND SUED BY TEXAS, ARIZONA, FLORIDA, DC, VIRGINIA!

zerohedge ‏@zerohedge 30 s
Obviously American Airlines didn’t spend enough to lobby the Obama administration
zerohedge ‏@zerohedge 2 min
AMR CAN EMERGE FROM BANKRUPTCY WITHOUT MERGER, U.S. SAYS. oopsie
zerohedge ‏@zerohedge 2 min
US AIRWAYS ALSO SUED BY TEXAS, ARIZONA, FLORIDA, DC, VIRGINIA

The Government Is Suing To Block The Merger of American And US Airways
The Justice Department is suing to block the merger of American Airlines and United Airlines, it said in a statement today.

The combination of the two carriers, announced in February, would create the world’s biggest airline, and bring American Airlines out of bankruptcy.
In its statement, the DOJ said the merger would “substantially lessen competition for commercial air travel in local markets throughout the United States and result in passengers paying higher airfares and receiving less service.
http://www.businessinsider.com/the-justice-department-is-suing-to-block-the-merger-of-american-and-united-airlines-2013-8
Airline Stocks Monkeyhammered On News DOJ Seeks To Block American-US Airways Merger
The Justice department is said to plan to block the AMR-US airline merger:

• *AMR-US AIRWAYS DEAL SAID TO BE SUBJECT OF U.S. ANTITRUST SUIT
• *US AIRWAYS ALSO SUED BY TEXAS, ARIZONA, FLORIDA, DC, VIRGINIA
• *JUSTICE DEPARTMENT SAID TO PLAN SUIT TO BLOCK AIRLINE MERGER
• *AMR CAN EMERGE FROM BANKRUPTCY WITHOUT MERGER, U.S. SAYS

Both stocks are down notably on the news – AMR -22%, LCC -11%; and the rest of the airlines sector is weakening. Perhaps the lowly lobbyists of the Airline industry should have ‘donated’ just a little more money…?






http://www.zerohedge.com/news/2013-08-13/airline-stocks-monkeyhammered-news-doj-seeks-block-american-us-airways-merger
Luis