As was expected, US Airways Group and America West Holdings Corp. yesterday announced an agreement to merge and create what they described as the "first full-service nationwide airline with the consumer-friendly pricing structure of a low-fare carrier," which will operate under the US Airways brand. Annual synergies of $600 million are anticipated from the merger, resulting from route restructuring, revenue synergies and cost savings. Even with oil prices at $50 per barrel, it will be ...

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