US Airways Group (NYSE:LCC): Current price $16.11
The United States government’s attempt to disallow the proposed merger of American Airlines and US Airways to form the biggest airline on the planet has run afoul of officials in three states, who believe that the combined entity would benefit their local economies. Last week, the Justice Department brought a lawsuit challenging the merger, saying that it would shrink competition among air carriers and eventually cause higher fares for passengers.
However, some local political and business officials in Florida, Texas, and North Carolina, in which are located big hubs for American and US Airways, are requesting the federal government and supporting states to rethink the lawsuit.
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