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United Airlines sees possibility of more consolidation

29-Oct-2009 11:04 AM

United Airlines CEO, Glenn Tilton, commented that recent capital raising activity by US carriers has “probably” improved balance sheets enough to support any future merger activity, and the 12-18 month integration process necessary in such transactions (Financial Times, 28-Oct-2009). Mr Tilton stated there is still an excess of capacity in the US market and that consolidation should have a role in the future of the US market.