American Airlines and US Airways say they're merging in a deal they value at $11 billion, creating the world's biggest airline.
The combined carrier will be called American Airlines but run by US Airways CEO Doug Parker.
The airlines announced their deal Thursday.
It reduces the number of major U.S. airlines to four.
The deal still needs approval by American's bankruptcy judge and antitrust regulators.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Top Money Headlines
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.