Showing posts with label United Airlines. Show all posts
Showing posts with label United Airlines. Show all posts

Tuesday, August 16, 2011

LARGEST AIRLINE COMPANY



Now it is official the biggest airline company in the world was born.United Airlines will be the name of the new


company resulting from the merger of UNITED AIRLINES and CONTINENTAL AIRLINES.The Antitrust finally approved the 1.3 billion deal between the two companies.


The deal is supposed to give the new company the necessary strength to compete with the low cost rivals across the US


and beyond.


The new company will be run by the United CEO Jeffrey A.Smisek and the headquarter will continue to be in Chicago.


The whole value of this mega-financial and mega-economical operation is believed to be arund the 3.17 billion dollars.


We have to make some considerations although,will this merger have any effect on the prices and if yes will it be


positive and or negative?The directing board declared that it’s not their intetion to raise the fares,though this seems quite improbable to thepeople briefed on the matter.This new giant of the skies will be monopolizing the market,by not competing anymore on a lot of routes,will offer to the passengers less options to choose and of course higher prices.


Combined,the two companies will have 21 % of the domestic capacity,followed by Delta Airlines.




Summarising this is a good deal for the CEO of the companies and their stock holder but not so good for the greaterpublic resulting in less options to choose and less competion for them.But hey,who said this is for the people?
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PICTURES OF NATURE & UNIVERSE PHOTOGRAPHY