United Continental’s Loss Widens

United Continental's loss widened as the airline recorded merger costs that masked better-than-expected revenue growth as traffic and capacity grew.

United Continental Holdings said its second-quarter profit declined 12% amid merger-related costs and higher fuel expenses.

Davide Pavone submits: The merger between United Airlines (UAUA) and Continental Airlines (CAL) has generated lively debate amongst analysts, politicians, and business leaders.

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

Transat loss widens on high fuel costs

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.

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.