United, Continental CEOs Pitch Merger

May 28, 2010  |  

(USA Today) — The CEOs of United and Continental were in Washington this afternoon, trying to convince a Congressional panel that a merger of the airlines would be good for the industry without hurting consumers’ interests. The Wall Street Journal reports from the scene, writing “United’s Glenn Tilton and Continental’s Jeffery Smisek repeatedly said the $3 billion stock swap, which would create the world’s largest airline by traffic, would not lead to increased fares, despite lawmakers’ skepticism. Instead, the combined airline would increase revenue and achieve cost savings by combining their aircraft fleets and running more efficient routes, the executives said.”

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