United Continental Holdings

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United begins move of operations to Willis Tower

United Airlines has started moving its operations center employees into a new home — the Willis Tower in Chicago, formerly known as the Sears Tower.

United, which formally combined with Continental on Oct. 1 to form the world’s largest airline, is moving the first 280 employees into the skyscraper on Monday. This is the first phase of the move of more than 2,500 people who currently work at the company’s operations center in the suburb of Elk Grove Village. Get the full story »

United sees rise in September traffic

United Airlines said September traffic rose 7.6 percent, and a key revenue measure rose too. The airline said the revenue collected for each available seat flown one mile rose 13.5 percent to 14.5 percent compared with September 2009. Not counting regional flights on partner carriers, the same revenue measure rose 14 percent to 15 percent.

Continental attendants decline joint contract talks

Flight attendants with Continental Airlines Inc said they will not participate in contract talks with their peers at United Airlines, according to a report in Bloomberg.

United flight attendants had said in an exchange of letters they would have more leverage if they worked together, according to Bloomberg.

Representatives for Continental and for Association of Flight Attendants could not be immediately reached for comment. Get the full story »

Airline stocks fall on fuel prices, market dip

Shares of U.S. airlines fell Monday. Although the Obama administration issued a terrorism alert for Americans travelling to Europe, the more likely culprits were higher jet fuel prices and a broader stock market downturn. United, Continental, American and Delta said they weren’t seeing unusual numbers of cancellations and were operating their full schedules of flights to and from Europe on Monday.

United-Continental CEO Smisek to get $975K salary

United-Continental CEO Jeff Smisek, center, talks with two employees on Sept. 23, 2010, in Houston. (Tribune)

Airline company United Continental Holdings Inc., formed Friday in the merger of UAL and Continental Airlines, said Chief Executive Jeff Smisek would receive an annual salary of $975,000.

Smisek, who had been CEO of Continental, may also receive 150 percent of his salary as an annual bonus. Pay details were disclosed by the company in a Securities and Exchange Commission filing Friday.

UAL and Continental merged to create the world’s largest carrier by traffic. Get the full story »