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United, Continental Airlines merging
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| Contributor | particleman |
| Last Edited | particleman May 03, 2010 07:41pm |
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| Category | News |
| Author | Andrew Torgan |
| News Date | Monday, May 3, 2010 11:00:00 PM UTC0:0 |
| Description | United Airlines announced today it will merge with Continental Airlines in a deal worth $3.2 billion, creating the world's largest airline.
The combined carrier, which will fly under the United name and Continental logo, would be larger than Delta Air Lines, which became the country's largest airline when it merged with Northwest in 2008. It’s expected to serve nearly 150 million passengers per year and fly to 370 destinations in 59 countries.
So what does all this mean for consumers? Will flights be cut because of the consolidation? Will ticket prices go up? United and Continental aren't really commenting on much of that at the moment, but generally, flights do get cut when airlines merge.
Assuming the deal clears antitrust hurdles, the new airline would be based in Chicago, United's home, and its largest hub will be Houston, Continental's base.
United and Continental discussed merging back in 2008, but Continental backed out of the deal. This time around though, United is in a much stronger financial position. |
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