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United merger 'might make sense,' Continental president says

crxpilot

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http://m.usatoday.com/Air_News/921938/

United merger 'might make sense,' Continental president says
11/03/2009 13:46:25
Continental President Jeff Smisek – who will become the airline's CEO next year – says Continental would consider a merger with United if rival Delta’s merger with Northwest makes that airline more profitable, The Plain Dealer of Cleveland reports. The paper writes that "if the Delta/Northwest combination proves too potent, Smisek said in a Bloomberg Television interview, a Continental merger with United might make sense."

"We are watching Delta to see whether Delta outperforms us financially," the Plain Dealer quotes Smisek as telling Bloomberg. "They've gotten bigger, they've gotten more complex, but they haven't gotten profitable." United and Continental discussed a possible merger last year. Continental ultimately broke off talks, saying then that if felt its best path was to remain a standalone carrier.
 

crj567

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Yep-
Just look at the history of airline mega-mergers... Every single one has taken two weak airlines and magically created one much-weaker airline.
 

densoo

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a Continental merger with United might make sense
Too bad "making sense" has nothing to do with a merger--only making money. If those who own the airlines--the banks--think it's a slow period and need to make some money, they'll merge the two airlines. Lawyers don't make money in a marriage, they make money in the divorce. The bankers and lawyers need chaos to make money, not calm. Of course, the execs will make money regardless. If it's fixed, they are rewarded; if it's broken, they are needed to fix it and are rewarded once again.
 

climbhappy

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and the shareholders elected a board of Directors who appointed officers to run the company to determine if a merger was suitable then brought it before the board which in turn brought it a shareholder vote.... Did I miss something?
 

johnsonrod

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Personally I like the name "Unitental" better than "Continited"... Make it happen!!!!
 

Whine Lover

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Too bad "making sense" has nothing to do with a merger--only making money. If those who own the airlines--the banks--think it's a slow period and need to make some money, they'll merge the two airlines. Lawyers don't make money in a marriage, they make money in the divorce. The bankers and lawyers need chaos to make money, not calm. Of course, the execs will make money regardless. If it's fixed, they are rewarded; if it's broken, they are needed to fix it and are rewarded once again.

THAT is the best, most succinct, absolutely most spot on analysis, I have ever seen, heard, read, or heard talked about in this Industry. ( Or any other for that matter. )

Kudos to you SIR.

YKMKR
 
Last edited:

contrail67

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Personally I like the name "Unitental" better than "Continited"... Make it happen!!!!


I actually heard they are keeping the United part of United Airlines and the Airlines part of Continental Airlines then calling it...

United Airlines.
 

tie1on

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i thought they would take parts of both and call it " CONU airlnes "
 

AWACoff

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Honestly, do any of you really care what the name of the new company would be or what you would preface your transmissions with? Whoopdeefriggin'doo.
 

bizicmo

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They would cut off Continental and United and just call it "The Airline." Might as well make it hip and new.
 

densoo

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Lawyers don't make money in a marriage, they make money in the divorce. The bankers and lawyers need chaos to make money, not calm.

THAT is the best, most succinct, absolutely most spot on analysis, I have ever seen, heard, read, or heard talked about in this Industry. ( Or any other for that matter. )

Kudos to you SIR.

YKMKR
Recently divorced?
 

Bigoober

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Oh boy, here goes another "I can think of a funnier combination of names than you can" thread.
 
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