{"id":97167479,"date":"2010-09-01T09:53:00","date_gmt":"2010-09-01T09:53:00","guid":{"rendered":"http:\/\/www.cheapoair.com\/miles-away\/continental-airlines-ceo-defends-united-merger\/"},"modified":"2010-09-01T09:53:00","modified_gmt":"2010-09-01T09:53:00","slug":"continental-airlines-ceo-defends-united-merger","status":"publish","type":"post","link":"https:\/\/www.cheapoair.com\/miles-away\/continental-airlines-ceo-defends-united-merger\/","title":{"rendered":"Continental Airlines&#8217; CEO Defends United Merger"},"content":{"rendered":"<p align=\"center\">\n&nbsp;<br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"\/miles-away\/wp-content\/uploads\/files\/2010\/9\/continental2.png\" alt=\"Smisek \ndefends United Continental Merger \" title=\"Smisek defends United Continental Merger \" width=\"450\" height=\"340\" \/>\n<\/p>\n<p align=\"center\">\n<strong>Smisek defends United-Continental merger <\/strong>\n<\/p>\n<p>\n&nbsp;\n<\/p>\n<p>\nIn federal court in San Francisco, Jeff Smisek testified that joining together United and Continental would increase revenue and cut costs. However, a suit by consumers claims it would cause higher fares and fewer jobs.\n<\/p>\n<p>\n&nbsp;\n<\/p>\n<p>\nOn Tuesday, Smisek took the witness stand to respond to a lawsuit seeking to prevent the deal. According to the suit, a merger would create a monopoly, increasing fares and costing jobs.\n<\/p>\n<p>\n&nbsp;\n<\/p>\n<p>\nThe two airlines were granted regulatory approval last week to combine under an all-stock deal announced May 3. The new company would surpass Delta as the world&rsquo;s largest airline and mix United&rsquo;s Pacific routes with Continental&rsquo;s service in Latin America and over the Atlantic.\n<\/p>\n<p>\n&nbsp;\n<\/p>\n<p>\nJoseph Alioto, a lawyer representing consumers in the suit, displayed internal Continental &ldquo;Hub Stats&rdquo;, documents projecting &ldquo;optimized&rdquo; flight networks for the merged airline in various cities such as San Francisco and Cleveland, to Smisek.\n<\/p>\n<p>\n&nbsp;\n<\/p>\n<p>\nThe document proved a reduction of 37 departures, a 19% cut for Denver. The documents were used in order to evaluate the merger, however, according to Smisek, the data from the documents are &ldquo;insufficient&rdquo; to base concrete decisions on because they rely on projections and not facts.\n<\/p>\n<p>\n&nbsp;\n<\/p>\n<p>\n<em>Source:<a rel=\"nofollow\" href=\"http:\/\/www.latimes.com\/business\/la-fi-airlines-20100901,0,1811832.story\" target=\"_blank\"> Los Angeles Times <\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Smisek defends United-Continental merger &nbsp; In federal court in San Francisco, Jeff Smisek testified that joining together United and Continental would increase revenue and cut costs. However, a suit by consumers claims it would cause higher fares and fewer jobs. &nbsp; On Tuesday, Smisek took the witness stand to respond to a lawsuit seeking [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-97167479","post","type-post","status-publish","format-standard","hentry","category-other"],"_links":{"self":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/posts\/97167479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/comments?post=97167479"}],"version-history":[{"count":0,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/posts\/97167479\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/media?parent=97167479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/categories?post=97167479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cheapoair.com\/miles-away\/wp-json\/wp\/v2\/tags?post=97167479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}