Merger To Be Announced Today. Probably.

The WSJ and others are now reporting that the America West & US Airways merger will be announced by the end of the day today.  It looks like the two airlines have pulled together about $750 million from Air Canada, Air Wisconsin, two hedge funds, a rights offering, Airbus, and a partridge in a pear tree.   If you’re curious what will happen to your frequent flyer miles (it’s good news, don’t worry), check out Randy Petersen’s take on the whole thing here.

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