United + Continental deal is done.

(Crain’s) — United and Continental airlines have reached an agreement on a merger and expect to announce a deal by Monday, pending approval by their boards, a source briefed on the matter says.

United’s board is set to meet Friday to discuss the deal, the source told Crain’s, and Continental’s board is expected to vote Sunday.

A deal isn’t assured. Continental’s board voted down a merger with United two years ago in a Sunday afternoon vote.

But that seems less likely now. Then, the industry was headed into a recession, and United’s financials were deteriorating. Now, air travel is beginning to recover, and United is leading the way, enjoying the biggest gains in revenue among the traditional carriers.

Here’s the full story:


What are your thoughts on this big move?

  • Share/Bookmark

2 Responses to “United + Continental deal is done.”

Leave a Reply

Spam Protection by WP-SpamFree

Are you a frequent traveler living in the San Francisco Bay Area?
Then you need to read THE BAT! We sift through all the travel news out there and post only the info that applies to YOU!

to the BAT

 Get The Bat via RSS Feed

The Bat on SFGate