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Jamie Horwitz, a spokesman for the Transport Workers Union, which represents mechanics and bag handlers at American, said he was pleased American would at least consider a merger while still in bankruptcy. "We've run (newspaper) ads and done everything we could to tell the company to consider every option, and one is the possible sale or merger," he said. "It should be explored now rather than later." Standard & Poor's, citing a Bloomberg News report earlier Friday, said news that AMR would consider a merger as an alternative to its stand-alone restructuring plan made it more likely that US Airways will acquire or merge with AMR. S&P analyst Jim Corridore said a merger would fix US Airways' weak international network and give it size to compete with bigger rivals. S&P reiterated its "Buy" rating on US Airways stock, which rose 39 cents, or 3.6 percent, to close at $11.32. Helped by talk of taking over AMR, US Airways shares have more than doubled in 2012, rising much faster than stock in competitors United or Delta.
[Associated
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