American Airlines and US Airways are getting closer to a potential merger.
The companies said Friday they signed legal documents allowing them to confidentially exchange information. But a deal is still far from reality.
"It does not mean we are merging — it simply means we have agreed to work together to discuss and analyze a potential merger," US Airways CEO Doug Parker said in a letter to employees Friday.
Such a merger would put the combined airline on par with the world's largest — United Continental Holdings Inc. — and the slightly smaller Delta Air Lines.
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