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Continental Airlines brought its merger talks with United Airlines to an abrupt end on Sunday amid concerns for the rival US carrier’s financial strength in the face of record fuel costs and waning demand for air travel.
United and Continental have held preliminary discussions for more than a year, and the pace of the negotiations quickened this month with Delta Air Lines’ agreement to merge with Northwest Airlines.
Continental Airlines brought its merger talks with United Airlines to an abrupt end on Sunday amid concerns for the rival US carrier’s financial strength in the face of record fuel costs and waning demand for air travel.
United and Continental have held preliminary discussions for more than a year, and the pace of the negotiations quickened this month with Delta Air Lines’ agreement to merge with Northwest Airlines.
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