United and Continental to Combine Flying Forces
Two major commercial airlines -- United and Continental -- announced on Monday that they are merging to form the world's biggest air carrier, which is to be called (drum roll) United Airlines But in a super-creative twist, the newly rebranded fleet will (continued).
Two major commercial airlines — United and Continental — announced on Monday that they are merging to form the world’s biggest air carrier, which is to be called (drum roll) … United Airlines. But in a super-creative twist, the newly rebranded fleet will sport Continental’s colors while taking United’s name. A modern marriage, to be sure. –KA
Your support matters…BBC:
After the deal was announced shares of both firms rose in morning trading in New York.
United’s parent UAL Corporation saw its shares rise by 62 cents, or 2.9% to $22.22, while Continental shares were up 63 cents, or 2.8%, to $22.98.
Although United is seen as the dominant partner, the merger was described as “a merger of equals”.
Together United and Continental currently fly to 370 destinations worldwide, flying 144 million passengers a year.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
Environment
'Ministry' says follow scientific advice and stop advertising the fastest way to fry the planet as peak heat meets peak holiday flights.
Business & Economy
Airline's gamble on mass layoffs and billions in handouts to investors goes badly.
The viral outbreak is threatening to crimp worldwide economic growth and hurt profits and revenue for a wide range of businesses.
Heavy snowstorm hits Colorado and Wyoming and continues to move east, while “bomb cyclone” phenomenon barrels into Oregon and California.
The immediate shuttering of 178-year-old tour company strands hundreds of thousands; a changing industry and Brexit blamed for its demise.
Travelers flying into the United States on Friday ran into long lines at major airports nationwide because of a temporary computer outage.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.