United, Continental pitch merger to Congress

Posted May 27, 2010 at 2:19 p.m.

Associated Press | The CEOs of United and Continental airlines
are telling Congress their merger will be good for consumers, airline
employees and the small communities that rely on them for service.

United’s Glenn Tilton told the Senate Judiciary Committee Thursday that
the new airline will improve its profitability through efficiencies,
not higher fares. Continental’s Jeffery Smisek pledged that the nearly
150 small communities and metro areas served by the carriers won’t lose
service.


Other witnesses said the merger will likely diminish competition.

Similar concerns about competition were raised by the 2008 merger of Delta Air Lines Inc. and Northwest Airlines, but the Bush administration’s Justice Department quickly approved the deal.

 

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