United Continental (NYSE:UAL) has posted operational revenues of $9.9 billion in e second-quarter earnings, up 1.3% y-o-y, on 2.3% y-o-y increase in passenger revenues partially offset by decline in cargo revenues.
Morningstar submits: By Basili Alukos There has been much talk recently in the news about a potential merger involving United Airlines (UAUA) and Continental (CAL). Although the talks have intensified recently, we believe both companies have already made numerous announcements t
Proactive Investor submits: United Continental Holdings (NYSE: UAL) posted on Wednesday a fourth quarter loss on costs associated with the merger of UAL Corp and Continental Airlines last year, despite reporting better than expected top line growth.
United Continental's first-quarter loss widened despite strong revenue gains as it was weighed down by merger-integration costs, higher fuel expenses and weak demand for Japan travel after the March 11 earthquake and tsunami.
The United States has cleared the way for a merger between US carriers United and Continental that will create the world's biggest airline, the Department of Justice has said."The department has closed its investigation into the proposed merger of UAL Corporation, the parent of United, and Continental," the DOJ said in a statement."The department conducted a thorough investigation," it added in a release that came one month after European regulators cleared the way for the merger, now expected to take place by October 1.