United Airlines said September traffic rose 7.6 percent, and a key revenue measure rose too. The airline said the revenue collected for each available seat flown one mile rose 13.5 percent to 14.5 percent compared with September 2009. Not counting regional flights on partner carriers, the same revenue measure rose 14 percent to 15 percent.
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United-Continental CEO Smisek to get $975K salary
United-Continental CEO Jeff Smisek, center, talks with two employees on Sept. 23, 2010, in Houston. (Tribune)
Airline company United Continental Holdings Inc., formed Friday in the merger of UAL and Continental Airlines, said Chief Executive Jeff Smisek would receive an annual salary of $975,000.
Smisek, who had been CEO of Continental, may also receive 150 percent of his salary as an annual bonus. Pay details were disclosed by the company in a Securities and Exchange Commission filing Friday.
UAL and Continental merged to create the world’s largest carrier by traffic. Get the full story »
UAL shares up after Continental revenue gain
From Bloomberg | Shares of US Airways Group Inc. and United Airlines parent UAL Corp. were higher on Wednesday after Continental Airlines beat analysts’ estimates for monthly unit revenue. The Bloomberg U.S. Airlines Index of 12 carriers climbed as much as 4.2 percent to its highest intraday value since April 26.
Get the full story: businessweek.com.
