Breaking Finance News

BREAKING- AMR, US Airways Trial to Take Place November 25

According to Reuters, the Department of Justice versus AMR (OTC: AAMRQ) and US Airways (NYSE: LCC) will start November 25. The DOJ wanted the trial postponed until at least March but in a win for the airlines today, U.S. District Judge Colleen Kollar-Kotelly disagreed.

The airlines were pushing for the earlier trial because of the potential impact the delay could have on already-bankrupt American Airlines.

However, recent reports indicate that a settlement between the DOJ and the two airlines will likely happen long before the trial, according to some analysts.

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Disclosure: At the time of this writing, the author had no position in the company mentioned.

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