American Airlines emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner as the two completed their deal Monday to create the world's biggest airline.
American's old parent, AMR Corp., is gone, replaced by the new American Airlines Group Inc. CEO Doug Parker remotely rang the opening bell of the Nasdaq Stock Market, flanked on stage by executives and labor leaders of both airlines and in front of a crowd of cheering employees.
Whether the deal leads to higher ticket prices, the issue at the heart of legal challenges from the government and consumer groups, remains to be seen.
"Airline prices are like prices in other businesses — they track with supply and demand, and we're not reducing any of the supply," he said in an interview with The Associated Press.
Crandall said American fell from grace by waiting too long to file for bankruptcy and because his successor angered workers in 2003 with a secret deal on executive bonuses while regular workers were taking pay and benefit cuts.
On Monday, Parker made symbolic moves to extend a hand to labor — painting over parking spaces once reserved for executives, and asking Nasdaq to inscribe a commemorative opening bell to the employees instead of to him.
Metlife Stadium in Rutherford, N. J. is the site of the next Super Bowl. But it’s also akin to the ravaged and dangerous land of Mordor, a place where no one is allowed to sit in lounge chairs or grill sausages. The rules for the game have been set, and there’s no tailgating (orcs are attracted to cooking meat) and you can’t just walk there.
The game’s committee CEO Al Kelly explained this week that the parking lot can be plenty of fun — if you stay inside your car and the boundaries of your individual parking spot, reports ESPN.com.
“You will be allowed to have food in your car and have drink in your car,” Kelly said.
Electricity has been restored to most North Texas homes and businesses as recovery continues from last week's ice storm.
Utility Oncor (ON'-kor) on Tuesday reported power restoration is essentially complete in the Dallas area.
A Dutch luxury bus company is testing technology that monitors whether a driver is becoming drowsy.
Royal Beuk BV said Tuesday it is outfitting 20 vehicles from six different charter vacation bus lines with a system designed by Australian company Seeing Machines.
It uses infrared light and a camera to register eye movements to see whether a driver's gaze is distracted from the road for too long, or if he is blinking progressively more slowly — signs he may be close to nodding off.
If the system's software algorithms determine there's a problem, it will first sound an alarm for the driver.