Continental calls off merger talks with United

The New York Times reports that Continental Airlines has ended merger discussions with United Airlines:

Continental Airlines said Sunday that it had abandoned merger talks with United Airlines and was planning to remain an independent carrier, a blow to lengthy efforts by United to find a merger partner.

Continental’s decision, announced by the airline Sunday afternoon, will change the complex game of musical chairs that the airline industry is playing after the merger announcement last week by Delta Air Lines and Northwest Airlines.

Continental’s move was a stunning development for United’s parent, UAL, which had been negotiating in expectation of reaching a deal by late this week. As recently as Friday, it looked as though Continental, based in Houston, and United, based outside Chicago, were on the way to reaching a merger agreement.

Continental decided to drop the discussions after UAL announced worse-than-expected earnings, which sent shares falling last week.

Continental's news release is available here.

As of posting, Chron.com hadn't managed to post this important news -- but hey, we're sure there are plenty of boobie pics and the like!

Posted by Kevin Whited @ 04/27/08 05:02 PM | Houston Miscellany | Technorati | Sphere | Comments (7)

Previous Entry | Home | Next Entry

Trackback

Unfortunately, abusive spammers have forced us to disable incoming trackback pings. The Technorati link should list related posts. Feel free to drop us an email if you've linked a post and would like to let us know about it.

SITE MENU

+Home
+About
+Archives/Categories
+Bad Sports
+Bloggers
+Chron Headlines
+Contact Us
+Donate
+Forum
+Local Blog Talk
+PDA Friendly
+Sponsor
+Syndication

ADVERTISING