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Southwest CEO: AirTran merger 'hedge against higher fuel prices'

Southwest Airlines Chairman, President and CEO Gary Kelly said Friday that rising fuel prices make the LCC's planned acquisition of AirTran Airways (ATW Daily News, Feb. 25) "absolutely imperative." Speaking at a hearing held in Milwaukee by the US Senate's subcommittee on antitrust, competition policy and consumer protection, Kelly said, "The economies of scale and the revenue synergies presented by this merger are a hedge against higher fuel prices." Sen. ...

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