American Airlines is scaling back its plans for more flying this year amid signs that average fares are declining, and the announcement set off a rally in airline stocks.
The last flight for US Airways will take place this fall, and one more name in airline history will disappear.
The CEO of American Airlines is collecting nearly $2.4 million after taxes by selling some of his stock in the company.
American Airlines says it is delaying delivery of 35 new Airbus jets for several years.
After more than 75 years of flying, the end is near for US Airways.
American Airlines is marking a merger milestone and US Airways is one step closer toward extinction.