As with most mergers, the announcement this week that United Airlines was joining forces with Continental Airlines to become the world’s largest airline touted all of the benefits of the combination: Complementary routes that will give consumers more choice and flexibility; scale that will provide cost synergies; and resources that will allow for strategic investments. Continental’s CEO (and CEO-designate of the merged company), Jeff Smisek, even said that “putting these two carriers together is a match made in heaven.”
Will Bigger Be Better for United and Continental?
As with most mergers, the announcement this week that United Airlines was joining forces with Continental Airlines to become the world’s largest airline touted all of the benefits of the combination: Complementary routes that will give consumers more choice and flexibility; scale that will provide cost synergies; and resources that will allow for strategic investments. […]
May 05, 2010