737 Pylt
Um....Floats anyone??
- Joined
- Jul 8, 2003
- Posts
- 3,085
I'm starting to wonder if Tilton isn't just doing all this talk to drive up the stock price for his big $$ payday. Seems like UAL's talking, but nobody's listening.......
737
bizjournals.com
UAL merger talk a lone voice now
Tuesday June 19, 3:39 pm ET
United Airlines executives still are talking up the idea of industry consolidation, but no one else seems to be interested at the moment. Jake Brace, the chief financial officer of the airline and its Chicago-based parent UAL Corp. (Nasdaq: UAUA - News) told a Merrill Lynch conference last week that United could use a merger partner with a strong presence in the U.S. Northeast and a southern U.S. hub to stage flights to Latin America. He said United was content with its dominant position over the Pacific
Brace offered an unprecedented and unusually explicit assessment of what United would want in a consolidation scenario," posted Ted Reed of TheStreet.com on Tuesday.
Reed and others have noted that Delta Air Lines, Continental Airlines and US Airways all fit Brace's description of an ideal UAL merger partner.
"No airline fits that description better, arguably, than US Airways, which began 70 years ago as a Northeast-only carrier and evolved into one that serves the Caribbean and Latin America from a large hub in Charlotte," wrote Dan Fitzpatrick in the Tuesday edition of the Pittsburgh Post-Gazette.
United tried to acquire US Airways in 2001 but was blocked by the U.S. Justice Department. Since then, US Airways has merged with, and been taken over by the management of, America West, but integration of the two airlines is taking years, something cited by industry analysts who say consolidation in the airline business is more trouble than it's worth.
One who speaks ill of merging airlines is Jeff Misner, chief financial officer of Continental Airlines, who told the same conference Brace spoke to that it trades good labor relations for a "short-term pop" in stock prices.
Delta Air Lines, third largest airline and very nearly tied with United for second place, rejected merger with US Airways or anyone else just a few months ago.
United CEO Glenn Tilton has been giving speeches for years promoting a change to federal law to allow greater foreign investment in U.S. airlines, a position widely seen as indicating an interest in merging with the German carrier Lufthansa. Published June 19, 2007 by Pacific Business News
737
bizjournals.com
UAL merger talk a lone voice now
Tuesday June 19, 3:39 pm ET
United Airlines executives still are talking up the idea of industry consolidation, but no one else seems to be interested at the moment. Jake Brace, the chief financial officer of the airline and its Chicago-based parent UAL Corp. (Nasdaq: UAUA - News) told a Merrill Lynch conference last week that United could use a merger partner with a strong presence in the U.S. Northeast and a southern U.S. hub to stage flights to Latin America. He said United was content with its dominant position over the Pacific
Brace offered an unprecedented and unusually explicit assessment of what United would want in a consolidation scenario," posted Ted Reed of TheStreet.com on Tuesday.
Reed and others have noted that Delta Air Lines, Continental Airlines and US Airways all fit Brace's description of an ideal UAL merger partner.
"No airline fits that description better, arguably, than US Airways, which began 70 years ago as a Northeast-only carrier and evolved into one that serves the Caribbean and Latin America from a large hub in Charlotte," wrote Dan Fitzpatrick in the Tuesday edition of the Pittsburgh Post-Gazette.
United tried to acquire US Airways in 2001 but was blocked by the U.S. Justice Department. Since then, US Airways has merged with, and been taken over by the management of, America West, but integration of the two airlines is taking years, something cited by industry analysts who say consolidation in the airline business is more trouble than it's worth.
One who speaks ill of merging airlines is Jeff Misner, chief financial officer of Continental Airlines, who told the same conference Brace spoke to that it trades good labor relations for a "short-term pop" in stock prices.
Delta Air Lines, third largest airline and very nearly tied with United for second place, rejected merger with US Airways or anyone else just a few months ago.
United CEO Glenn Tilton has been giving speeches for years promoting a change to federal law to allow greater foreign investment in U.S. airlines, a position widely seen as indicating an interest in merging with the German carrier Lufthansa. Published June 19, 2007 by Pacific Business News
