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Continental and United Airlines merge

Continental and United Airlines merge
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Continental and United Airlines have merged, creating the world’s biggest carrier.

Together they are set to take the top spot in global traffic away from Delta Air Lines. They will have New York and Washington hubs and be the busiest US carrier on the high-fare routes across the Atlantic and the Pacific.

The new carrier is expected to be called United Airlines and to be based in Chicago. It will have an estimated annual revenue of 29 billion dollars – that’s around 21 billion euros.

But critics say the move is not necessarily good for the recession battered US airline industry as despite bringing stability it could also drive up fares.

The new company will have, on paper, at least a combined workforce of nearly 90,000 employees and a fleet of 693 planes.