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American Airlines files for Chapter 11 bankruptcy

Analysts wonder if a merger is in the works

American Airlines followed in the footsteps of its rival companies Delta and United when it filed for Chapter 11 bankruptcy this morning. Since American has $4 billion in cash, one can’t help but wonder if the company plans to further emulate the other airlines by using the court-protected restructuring time as a chance to merge with another airline.

According to analysts, US Airways would be a prime candidate for a merger with American, though if that were to happen, more than 70 percent of the U.S. market would be controlled by three companies, so regulators may end up opposing any such deal.

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