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August 30, 2013

Analysts say November trial date a "win" for the airlines

A couple of industry analysts have called the November 25 anti-trust trial date for American Airlines and US Airways a "win" for the carriers.

Wolfe Research analyst Hunter Keay said he believes there is a 75 percent likelihood that the merger between the two airlines will occur as the Department of Justice's anti-trust complaint is "weak."

"We also think DOJ relies too heavily on anecdotal and vignette-driven arguments, as was the case in Oracle/PeopleSoft, which DOJ lost in embarrassing fashion," Keay wrote in a research report sent to investors on Friday.

Bond analyst Vicki Bryan at Gimme Credit applauded the federal judge's decision to set a November trial date instead of agreeing with the government's request for a March trial.

"Kudos to the judge -- this whole thing has dragged out more than long enough," Bryan said in a research note. "The trial is expected to last 10 days, which could mean a decision by yearend."

-Andrea Ahles

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