Flight attendants for Continental Airlines have rejected a proposed contract. Their union says it’s because the agreement did not give them back enough of the concessions they made in earlier contracts. Get the full story »
Inside these posts: United
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Oct. 13, 2010 at 3:57 p.m.
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Filed under: Airlines, Airplanes, Airports, China, International United wins approval to launch Shanghai flights
United Airlines said Wednesday it had gained federal approval to begin daily flights from Los Angeles to Shanghai in little more time than it takes to fly between the two cities.
The speedy review of United’s request, completed a day after the Chicago carrier asked for permission to launch the new China service next year, is in contrast to the lengthy lobbying battles over access to China’s booming market that played out during the 1990s and in the 2000s.
Earlier this month, the U.S. Department of Transportation had needed just six days to approve a request by American Airlines to fly from Los Angeles to Shanghai. Get the full story »
United seeks to launch new Shanghai service
Like rival American Airlines, United Airlines wants to expand its reach into China and has asked federal officials for permission to begin daily flights from Los Angeles to Shanghai starting in May 2011.
The new service would expand United’s reach in Asia’s booming air travel market, which has rebounded from the recent global recession faster than the U.S. and Europe.
Chicago-based United also seeks to take advantage of additional flights between the U.S. and China that will become available in 2011 under a recent trade agreement that loosened the tightly regulated market for air travel between the two countries. 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.
U.S., Asia air alliances expected to win OK
U.S. regulators say they are likely to approve antitrust immunity for two major airline alliances carrying travelers to Asia.
The tentative approval from the Transportation Department on Wednesday would let American Airlines and Japan Airlines coordinate routes and schedules and share revenue on flights across the Pacific. A similar arrangement between United Continental Holdings Inc. and All Nippon Airways also won tentative approval. Get the full story »
Oct. 6, 2010 at 11:48 a.m.
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Filed under: Airlines, Airplanes, Airports, Jobs/employment, Labor 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 »
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 »
UAL, Continental close deal to form No. 1 airline
Continental Airlines CEO Jeff Smisek walks through Terminal C of Houston Intercontinental Airport to catch a flight to Chicago on Sept. 23, 2010. (Tribune)
United Airlines closed its merger with Continental Airlines Friday to create the world’s largest airline, called United Airlines. The stock begins trading this morning under the symbol UAL. The holding company formed from the all-stock merger will be called United Continental Holdings Inc.
The two airlines will begin marketing as one company in the spring. In the meantime, travelers will see United employees at United kiosks and Continental employees at Continental kiosks, depending on which carrier is handling the flight.
The company is working to combine frequent flyer programs. In a call with reporters, Smisek underscored, “your miles are safe.” Get the full story »
Moody’s raises its ratings on UAL Corp.
Moody’s Investors Service raised its ratings on UAL Corp. a notch, finishing the review of the airline it begun when the parent of United unveiled its deal to merge with Continental Airlines Inc. Get the full story »
United, Continental defeat effort to block merger
From BusinessWeek | UAL Corp.’s merger with Continental Airlines Inc. won’t create a monopoly and shouldn’t be blocked on antitrust grounds, a federal judge ruled, helping to clear the way for the deal’s completion.
United shareholders approve Continental merger
United CEO Glenn Tilton, left, and Chicago Mayor Richard Daley at a press conference on the United-Continental merger on May 4, 2010. (José M. Osorio/Chicago Tribune)
Chicago-based United Airlines shareholders on Friday overwhelmingly voted to approve a deal to combine with Continental to form the world’s biggest airline.
Meanwhile in Houston, Continental shareholders also gave the merger a thumbs up.
Shareholders of United parent UAL Corp. met in Elk Grove Township on Friday morning to vote on the $3 billion stock swap. The companies expect the deal to close in the next two weeks. Get the full story »
Fitch upgrades UAL and United Airlines ratings
Fitch Ratings upgraded United Airlines Inc. and its parent UAL Corp. before the closing of a tie-up with Continental Airlines Inc.
Sep. 8, 2010 at 4:25 p.m.
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Filed under: Airlines, Airplanes, Airports, Banking, Policy, Politics City council gives final approval to O’Hare bonds
The Chicago City Council gave final approval on Wednesday to $1 billion of revenue bonds to continue expanding O’Hare International Airport.
But the two major carriers at the airport are not saying if they plan on fighting the debt sale.
A spokesman for American Airlines said there was “no comment at this time.” Get the full story »
American Airlines’ traffic up 3.1% in August
AMR Corp. said American Airlines’ August traffic rose 3.1 percent, a bigger increase than the preceding month, on continued international strength.
Most U.S. airlines have been reporting notable increases in traffic as travelers return to flying. Airlines had been cutting capacity in recent years, first in response to record-high fuel prices and then to cope with a plunge in demand during the recession. Get the full story »
Aug. 27, 2010 at 6:05 p.m.
Filed under: Airlines, Airplanes, Airports, Labor, Litigation, M&A, Transportation, Travel, Unions, Updated Justice Department OKs United-Continental merger
Passengers at the United and Continental kiosks at O'Hare International Airport, May 3, 2010. (AP Photo/Charles Rex Arbogast)
The Justice Department approved the proposed merger of United and Continental airlines Friday, closing an unexpectedly speedy four-month investigation that paves the way for the mega-deal to close by Oct. 1.
To win the blessing of federal antitrust regulators, United and Continental agreed to lease slots for 18 round-trip flights to Southwest Airlines at Newark Liberty International Airport, beginning in March 2011.
Justice officials said the slot transfer was struck in “response to the department’s principal concerns” regarding the merger, which critics have warned will speed consolidation and eventually leave the three largest U.S. carriers with a lion’s share of the market. Get the full story »
