The Dallas/Fort Worth Airport board passed a resolution on Thursday in support of the American Airlines-US Airways merger.
The unanimous vote came following a SH&E Presentation that outlined the benefits of the merger for the airport and Texas. If the airline merger is approved, DFW will be its largest hub with over 750 daily flights as well as the headquarters for the combined airline.
Fort Worth Mayor Betsy Price said she "enthusiastically" supports the merger, adding that with manufacturing moving back into the area from Asia, DFW needs the merger to be approved.
Currently, the U.S. Department of Justice and six other states have filed an antitrust lawsuit to stop the merger saying it is anti-competitive. A trial is scheduled for November 25 although both sides are in settlement talks U.S. attorney general Eric Holder said on Monday.
Keep reading for the full resolution passed by the airport's board.
DALLAS-FORT WORTH INTERNATIONAL AIRPORT BOARD RESOLUTION IN SUPPORT OF THE MERGER OF AMR CORPORATION AND US AIRWAYS GROUP, INC.
WHEREAS, Dallas-Fort Worth International Airport (“DFW”) was opened nearly 40 years ago to advance the economic and social welfare of the people of Texas by providing air transportation to the State of Texas, the United States, and the world; and
WHEREAS, DFW is the largest economic force in North Texas, providing more than $31 billion in annual regional economic activity and supporting 143,000 permanent jobs; and
WHEREAS, vibrant, competitive and convenient commercial air service is critical to the Cities of Dallas, Fort Worth, and the other communities in the State of Texas;
WHEREAS, DFW competes with other airports in the United States and around the world for passengers and cargo traffic, and
WHEREAS, the Texas aviation market is anchored by two highly competitive international gateway hub airports, with DFW in North Texas, and George Bush Intercontinental in Houston, which are domestic and international connecting hubs for the oneworld alliance at DFW, which is anchored by American Airlines, and for the Star Alliance at Bush, which is anchored by United Airlines; and
WHEREAS, American Airlines is the largest carrier at DFW and DFW is American Airlines’ largest hub airport; and
WHEREAS, the merger of AMR Corporation, the parent company of American Airlines, with US Airways Group, Inc., the parent company of US Airways, will constitute the world's largest airline, assure the location of the combined airline headquarters in North Texas, and will create a more certain path to continued employment and benefits for tens of thousands of our fellow citizens; and
WHEREAS, the merger of AMR Corporation and US Airways Group, Inc. will combine the resources of these two companies and thus, enhance their ability to compete with other major carriers, finance a large modern fleet, and serve markets throughout the world from their base at DFW; and
WHEREAS, Southwest Airlines, with bases at Dallas Love Field and Houston Hobby, is a vigorous competitor headquartered in Texas, with a strong statewide and national network; and
WHEREAS, additional competition between Southwest and other airlines will be realized in Texas and nationally when the Federal restrictions on air service to and from Love Field, known as the Wright Amendment, are lifted in October 2014; and
WHEREAS, our state and our nation thrive in an environment of such open competition, and a belief that the free markets and the private sector are the best decision makers when it comes to creation of economic value and employment opportunities; and
WHEREAS, Delta Airlines, United Airlines and Southwest Airlines all merged with competitors in the past decade, thereby creating larger, stronger airlines; and
WHEREAS, the United States Department of Justice approved those mergers as consistent with federal antitrust laws; and
WHEREAS, the United States Department of Justice, joined by the District of Columbia and seven states, including the State of Texas, filed a civil antitrust lawsuit challenging the merger of AMR Corporation with US Airways Group, Inc.; and
WHEREAS, the Attorney General of the State of Texas has since withdrawn his opposition to the merger as a result of a settlement agreement reached between the State of Texas and the airlines; and
WHEREAS, this litigation may stop or delay the merger of AMR Corporation with US Airways Group, Inc.; and
WHEREAS, the end result of this litigation could be either weaker airlines than would have resulted through the merger, or a period of prolonged uncertainty that could impact growth, development and investment at DFW; and
WHEREAS, those latter outcomes could potentially lead to job losses and negatively impact the growth of the North Texas region;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE DALLAS FORT WORTH INTERNATIONAL AIRPORT, That the Board fully supports the merger of AMR Corporation and US Airways
Group, Inc. and urges the United States Attorney General, the Attorneys General for the District of Columbia, and the six states party to the Department of Justice’s action, to recognize the benefits of this merger to the people of our state and nation, and cease all efforts to prevent its consummation.