Continental and United defend proposed merger
United Airlines CEO, Glenn Tilton, and Continental Airlines CEO, Jeff Smisek, defended the proposed merger of the carriers on 17-Jun-2010 during a hearing of the US Senate Commerce Committee after House Transportation Committee Chairman James Oberstar’s plan to push for the re-regulation of the airline industry if the Justice Department approves the proposed merger (Dow Jones, 16-Jun-2010). [more]
United Airlines: “We must create economic sustainability through the business cycle, and to that end our objective at United has been consistent – to put our company on a path to sustained profitability. Our proposed merger is a logical and essential step toward our objective of sustained profitability.” Glenn Tilton, CEO of UAL.