The Truth About Airline Mergers
United's parent company, UAL Corp., and Continental Airlines Inc. agreed to merge in a stock swap that is valued at $3.2 billion. The deal still has regulatory hurdles to clear, labor integration issues with the unions to resolve and many other factors to overcome.
If it goes through, the number three airline will be merged with the number five airline, creating the largest airline in the world. Together, they would service 370 destinations, 59 countries and 10 hubs.
If that sounds great to you, you may want to think again.