United Airlines and Continental Airlines on Monday said they will merge in an all-stock deal worth over $3 billion that will create the world's largest carrier with annual revenues of nearly $29 billion.
UAL and Continental Airlines closed their merger on October 1 creating the world's largest carrier by traffic.
At the heart of the national carrier's troubles are the archaic labour laws that allow pilots the same rights as industrial workers
Jerome Champagne is out of the race after failing to win sufficient backing for his candidacy.
United said it would rebook flights for affected passengers without charge
These companies have survived bankruptcies.
