Over the weekend, Continental Airlines rebuffed merger offers, a tacit rebuke to UAL 's United Airlines.
The co-conspirators agreed to a pension termination that served them well but dealt a devastating blow to UAL employees.
It could also foreshadow a potential merger between UAL Corp.
On December 4, a 787 with 174 passengers and 10 crew operated by United Continental Holdings (UAL) ran into a mechanical problem on its way from Houston to Newark, N.
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Even by the sickly standards of the American airline industry, UAL Corp. is a mess.
UAL's highest hurdle is that a third of its capacity is dedicated to Pacific routes.
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Earlier this week, NBAA President Ed Bolen sent UAL 's United Airlines chief Glenn Tilton a scathing letter after Tilden spammed United's frequent flyers on the issue.
Starting in March, UAL's loan covenants require it to meet a schedule of reductions in operating losses and to break even by October.
United Airlines (UAL) and the Pension Benefit Guaranty Corporation (PBGC) made a dirty deal to eliminate our company pensions and replace them with anemic PBGC pensions.
"The second quarter began as a severe challenge for United and the industry as a whole, but we saw a particularly positive trend as we moved through the period, " said Glenn Tilton, UAL's chairman, president and chief executive officer.
If UAL files for Chapter 11, as everyone expects, another 110 or so planes, a fifth of the United fleet, will be looking for new users, further depressing prices.
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