United and Continental Merge to Create World's Biggest Airline
United and Continental merge to create world's biggest airline
United and Continental Said to Agree to Merge
United is buying Continental, and the combined company will keep the United name and be based in Chicago. Jeffery A. Smisek, Continental’s chief executive, would run the company. If the deal wins antitrust approval, the merged airline would replace Delta Air Lines as the top carrier.
WORLD'S BIGGEST AIRLINES * 1 - American Airlines * 2 - United Airlines * 3 - Delta Air Lines * 4 - Air France * 5 - Continental Airlines * 6 - Lufthansa * 7 - Southwest Airlines * 8 - British Airways * 9 - Northwest Airlines * 10 - Emirates
Source: International Air Transport Association. Calculated on total passenger-miles flown
United Continental reports 4Q loss of $325 million on merger costs; but an adjusted profit
26 January 2011
United Continental Holdings Inc. said it lost $325 million in the fourth quarter because of expenses from combining United and Continental airlines.
United and Continental completed their merger on Oct. 1, and are now working to combine the two airlines into one. More than 200 planes have been repainted with United's name and Continental's globe logo on the tail. The Chicago-based company has also begun to integrate some computer systems. It had $482 million in merger expenses for the quarter.
In addition, United and Continental will no longer be competing against each other on some routes, allowing them to save money but offering travelers fewer options as a consumer.
Continental and United join forces * While the combined carriers will be called United Airlines, the Continental colors and logo will be used. * The CEO of the new airline will be Continental's CEO Jeff Smisek. * United CEO Glenn Tilton will be the nonexecutive chairman. * Smisek will become chairman of the new airline in 2012 when Tilton steps down. * Both airlines expect the merger to be completed by the
United and Continental Said to Agree to Merge
United is buying Continental, and the combined company will keep the United name and be based in Chicago. Jeffery A. Smisek, Continental’s chief executive, would run the company. If the deal wins antitrust approval, the merged airline would replace Delta Air Lines as the top carrier.
WORLD'S BIGGEST AIRLINES * 1 - American Airlines * 2 - United Airlines * 3 - Delta Air Lines * 4 - Air France * 5 - Continental Airlines * 6 - Lufthansa * 7 - Southwest Airlines * 8 - British Airways * 9 - Northwest Airlines * 10 - Emirates
Source: International Air Transport Association. Calculated on total passenger-miles flown
United Continental reports 4Q loss of $325 million on merger costs; but an adjusted profit
26 January 2011
United Continental Holdings Inc. said it lost $325 million in the fourth quarter because of expenses from combining United and Continental airlines.
United and Continental completed their merger on Oct. 1, and are now working to combine the two airlines into one. More than 200 planes have been repainted with United's name and Continental's globe logo on the tail. The Chicago-based company has also begun to integrate some computer systems. It had $482 million in merger expenses for the quarter.
In addition, United and Continental will no longer be competing against each other on some routes, allowing them to save money but offering travelers fewer options as a consumer.
Continental and United join forces * While the combined carriers will be called United Airlines, the Continental colors and logo will be used. * The CEO of the new airline will be Continental's CEO Jeff Smisek. * United CEO Glenn Tilton will be the nonexecutive chairman. * Smisek will become chairman of the new airline in 2012 when Tilton steps down. * Both airlines expect the merger to be completed by the