United Airlines and Continental Airlines need to merge to be profitable in competing with low-cost and foreign carriers, executives of the two U.S. major airlines said on Thursday.
Top executives of United Airlines and Continental Airlines sparred with irritated lawmakers on Wednesday over their merger plan, drawing a threat for closer industry regulation if the deal is approved.
Chief executives of United Airlines and Continental Airlines braced on Wednesday for the strongest political headwinds that their proposal to create the world's biggest airline will likely face.
Big U.S. airlines including Delta Air Lines Inc and American Airlines parent AMR Corp said on Tuesday that second-quarter unit revenue would rise, buoyed by recovering business and international traffic and by rising fares.
Big U.S. airlines including Delta Air Lines and American Airlines parent AMR Corp said on Tuesday second-quarter unit revenue would rise, buoyed by recovering business and international traffic and rising fares.
Pilots at Spirit Airlines struck the company on Saturday after mediated contract talks failed to reach an agreement, a small-carrier stalemate that could influence workers at bigger carriers.
U.S. aircraft maker Boeing has won an order from a Russian state company for up to 65 planes, nearly half its net order for 2009, beating European rival Airbus and a Russian manufacturer.
A Senate subcommittee is set to examine the proposed airline deal between United Airlines and Continental Airlines on Thursday that will study the implications for airline consumers.
United Airlines parent UAL Corp will buy Continental Airlines Inc for $3.17 billion in an all-stock deal that will form the world's largest carrier and potentially prune excess capacity in the airline industry.
U.S. stocks rose on Monday as data indicated the economy was on firmer footing, and details of a European financial rescue package for Greece provided a measure of relief.
U.S. stocks rose on Monday as the latest manufacturing data suggested the economy was on firmer footing, and details of a European financial rescue package for Greece provided relief.
UAL Corp, parent of United Airlines, will buy Continental Airlines Inc for $3.2 billion, forming the world's largest carrier in a merger that further shrinks the embattled U.S. airline industry and could drive up air fares, sources said on Sunday.
Continental Airlines Inc and UAL Corp's United Airlines have ironed out the last remaining wrinkle in their merger talks, paving the way for a deal that would create the world's largest carrier, two sources familiar with the matter said on Friday.
U.S. stock index futures were slightly higher on Friday ahead of the advance reading of first-quarter gross domestic product and investors awaited a deal to bail out Greece.
UAL Corp's United Airlines and Continental Airlines Inc are expected to announce that they are merging to form the world's largest airline on Monday, the Wall Street Journal reported on Thursday, citing unnamed sources.
United Airlines and US Airways Group reported smaller quarterly losses that topped Wall Street estimates on Tuesday, signaling a recovery for an industry that endured sagging demand in the recent recession.
UAL Corp , parent of United Airlines, on Tuesday said its quarterly net loss shrank, topping expectations, helped by a sharp revenue increase and accounting gains related to its fuel hedges.
United Airlines parent UAL Corp and Continental Airlines Inc are considering a stock-for-stock merger with no premium, creating a company valued at roughly $6.6 billion, Bloomberg News said on Thursday, citing two people with knowledge of the talks.
Severe winter weather and higher fuel costs pinched Continental Airlines Inc's first-quarter results on Thursday and the company posted a larger-than-expected loss despite a jump in revenue.
US Airways Group Inc said on Thursday it has dropped out of merger discussions with United Airlines parent UAL Corp, a decision that changes the dynamic of similar talks between UAL and Continental Airlines Inc.
US Airways Group Inc said on Thursday it had dropped out of merger discussions with United Airlines parent UAL Corp, immediately raising the stakes for similar talks involving United and Continental Airlines Inc.
Severe winter weather and higher fuel costs pinched Continental Airlines Inc's first-quarter results on Thursday and the company posted a larger-than-expected loss despite a jump in revenue.
