US Airways, American drawing up proposed settlement: report

US Airways (LCC) and American Airlines will offer to give up some takeoff and landing slots at Washington, D.C.'s Ronald Reagan National Airport as part of a attempt to get the U.S. Justice Department to allow their merger to proceed, a Dow Jones report said on Wednesday, citing people familiar with the process. The shares rose further on the Dow Jones report. American Airlines' parent company AMR Corp (AAMRQ.PK) closed up 4.3 percent at $7.30 and US Airways Group closed up 0.94 percent at $22.58.

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