IATA chief says more airline mergers a must
Further mergers among airlines are essential to cut costs and improve competitiveness in an industry seen sustaining combined losses of $2.8 billion US this year, the head of airline industry body IATA said Monday. “Mergers and consolidation is a must. . . . No other industry is so fragmented, so we have to consolidate to [...]
Continental Open to Merger Should Competition Dictate (Update3) – BusinessWeek
Continental Airlines Inc., after calling off a merger with United Airlines two years ago, would resume consolidation efforts to remain competitive, Chief Executive Officer Jeff Smisek said. Continental, the fourth-largest U.S. carrier, will keep monitoring the progress of Delta Air Lines Inc. following its 2008 merger with Northwest Airlines Corp., he said today at a [...]
