A scant few U.S. carriers took home honors from this year’s “Best of Business Travel” awards from Business Traveler magazine. The apparent malaise affecting U.S. airlines may involve something more fundamental than the economy….
United Airlines and Continental Airlines reported healthy third-quarter earnings thanks to higher ticket prices and stronger demand for air travel.
United reported earnings of $2.12 per share, excluding some items, Bloomberg News said. Continental’s earnings were $2.24 a share.
Growing demand for air travel means airlines can raise ticket prices without scaring away customers.
The…
Continue reading United, Continental See Earnings Jump on Demand for Travel
United, Continental See Earnings Jump on Demand for Travel originally appeared on DailyFinance on Thu, 21 Oct 2010 08:55:00.
Filed Under: Company News, Earnings
Considering how often airline industry executives complain about how hard it is to run a profitable carrier, one might expect their efforts could go unrewarded — at least monetarily. Not so at the new United Continental Holdin…
Continental Airlines (CAL) and UAL Corp (UAUA), owner of United, closed their merger deal Friday, creating the world’s largest air carrier, called United Airlines.
The new holding company, United Continental Holdings, will begin trading today on the New York Stock Exchange under the ticker “UAL,” Reuters said.
Jeff Smisek, formerly CEO of Continental, will serve as CEO of the new…
Continue reading Continental, United Close Merger Deal
Continental, United Close Merger Deal originally appeared on DailyFinance on Fri, 01 Oct 2010 08:27:00.
Filed Under: Company News, Stocks in the News
Don’t believe the fairy tales United and Continental are spinning about their proposed merger being beneficial to travelers and carriers alike: Beyond the deal to bring Southwest to Newark Airport that they cut placate the anti…