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What Airline Merger Rumors Mean for You: A CBS This Morning Report

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Just a few years ago, the U.S. had six major legacy airlines: Delta Air Lines, United Airlines, Northwest Airlines, American Airlines, US Airways and Continental Airlines. But then in 2008, Delta merged with Northwest. Then in 2010, United merged with Continental, which left US Airways and American as the last standalone carriers. Now, rumors are flying and both US Airways and American maybe in play. Will US Airways buy American? Will Delta buy American? Or will Delta buy US Airways?

So, what does this mean for you? Turns out that fewer airlines often result in fewer routes. Airlines are watching the bottom line and cutting routes to smaller markets, which reduces competition and drives up fares across the board. Find out what consumers can expect to change in Peter’s CBS This Morning report.