United, US Air close to merger: Source

American and Continental may also be preparing announcement in the wake of the Delta-NWA merger.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Last Updated: April 28, 2008: 2:59 PM EDT

Quick Vote
How do you plan to use your economic stimulus check?
  • Save it
  • Spend it
  • Put toward my mortgage
  • Pay down credit card

(CNN) -- United Airlines and US Airways (LCC, Fortune 500) are in very advanced talks towards a merger and an announcement is expected within two weeks, according to a source familiar with the negotiations.

Also, American Airlines (AMR, Fortune 500) and Continental Airlines are in meaningful and progressing talks towards an alliance, the same source said.

The source has asked not be named because the source has not been authorized by the airlines to discuss the talks.

The news of two possible deals comes two weeks after Delta Air Lines (DAL, Fortune 500) and Northwest Airlines (NWA, Fortune 500) reached agreement on a merger deal that - if approved - would create the world's largest airline.

On Sunday, Continental Airlines (CAL, Fortune 500) executives said they had been in possible merger talks with United Airlines (UAUA, Fortune 500) but decided not to make a deal with the airline. To top of page

First Published: April 28, 2008: 2:57 PM EDT

Oil spike fuels airline fears

United hikes fares 3% to 5%, blaming fuel costs

Congress grills Delta, Northwest CEOs

Delta/Northwest deal's dangerous model
Features
2011 Fortune 500
They're hiring!
They're hiring!
These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...
If the Fortune 500 were a country...
It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
Photo Galleries
10 of the most luxurious airline amenity kits
10 of the most luxurious airline amenity kits
When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health
7 startups that want to improve your mental health
From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work
5 radical technologies that will change how you get to work
From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More

Sponsors

Contact Us Closed Captioning Manage Cookies+ Site Map

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.