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US airlines merger is market's 'worst kept secret'

14 February 2013 Last updated at 16:25 GMT

American Airlines and US Airways plan to merge, bringing American Airlines closer in value to rival Delta Airlines, with an estimated market valuation of $11bn (£7bn).

The founder of told the BBC there would be higher ticket prices but the profit will be spent on their products, with an increased number of destinations.

Rick Seaney said the merger was the market's worst kept secret.