Officers from the former American Airlines and the former US Airways said Monday they had completed the paperwork to formally launch the merged company American Airlines Group, which is trading on the Nasdaq exchange under the ticker symbol AAL.
"Our people, our customers and the communities we serve around the world have been anticipating the arrival of the new American," said Doug Parker, former chairman and chief executive officer of US Airways, who is, as of Monday, CEO of American Airlines Group.
"We are taking the best of both US Airways and American Airlines to create a formidable competitor, better positioned to deliver for all of our stakeholders. We look forward to integrating our companies quickly and efficiently so the significant benefits of the merger can be realized," Parker said.
"They are somewhat different," the Dallas Morning News reported Parker said of American Airlines. "They are more button-down and work more on process and making sure everything is really nailed down before they make decisions. That has a lot of positive attributes to it. ...
"We have more of a bias for action, which also has some positive attributes to it. So I think we'll take some of each," Parker said referring to what been the corporate style of US Airways.
"We've been pretty careful this time around, knowing that's a trap that's easy to fall into, to not do that, and also to build an organization structure that's a balance of both sides. At the entire organization, people from each company. As we've gone further down into the organization, we continue to insist that people, as they're building their own organizations, take a mix of people from both sides," said former US Airways President Scott Kirby, as of Monday the president of AA Group.
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