The company created when American Airlines and US Airways Group Inc. merge will list its shares on the Nasdaq Stock Market, a victory for the exchange operator after losing Twitter Inc.’s initial public offering.
American Airlines Group Inc. will trade under the AAL ticker symbol, according to a statement. American parent AMR Corp. and US Airways settled a U.S. antitrust lawsuit this week that sought to block the tie-up, clearing a judge to rule Nov. 25 on AMR’s bankruptcy exit.
The new carrier will be the world’s biggest airline by passenger traffic. It will join JetBlue Airways Corp. as the only major U.S. airlines listed by Nasdaq.