The merger of American Airlines and US Airways forms a company with more passengers than previous industry leader, United Continental Holdings, which itself was formed with a merger. The new American Airlines trades on the Nasdaq under the symbol AAL. In an unusual step for a company emerging from bankruptcy, American's former shareholders got 0.0665 share of AAL stock for each of their former shares of AMR, giving them just over 3% of the company. Still the combination leaves four U.S. airline companies, the new American, United Continental, Delta Air Lines and Southwest controlling more than 80% of the nation's air traffic.
Source: CNN
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