ADVFN - Advanced Financial Network.
HOME» NASDAQ » U » UAUA Stock Price » UAUA Stock News

Ual Share News

 Ual (mm) Stock Price
UAUA Stock Price
 Ual (mm) Stock Chart
UAUA Stock Chart
 Ual (mm) Stock News
UAUA Stock News
 Ual (mm) Company Information
UAUA Company Information
 Ual (mm) Stock Trades
UAUA Stock Trades

Air Alliances Confident After LAN-TAM Merger Move

By Doug Cameron Of DOW JONES NEWSWIRES Two of the alliance groups that dominate the global airline industry on Monday shrugged off speculation that they may lose their presence in Latin America if the region's two largest carriers consummate a merger plan. Chile's LAN Airlines (LFL, LAN.SN) is a key member of the Oneworld alliance while Brazil's TAM SA (TAM, TAMM4.BR) only joined the Star grouping in May. The two carriers said Friday that they had yet to formulate an alliance strategy. Earlier that day, they announced a framework deal to merge by mid-2011. Latin America is one of the fastest-growing regions for global airline traffic, and though LAN and TAM would continue to operate as standalone brands, similar mergers have seen airlines regroup around a single alliance. The proposed deal is expected to trigger another contest between the three global alliances, with SkyTeam keen to boost its relatively weak position in the region, where it lacks a partner. "The alliance issue is an important issue in the future but now we don't have an answer to that question," Enrique Cueto, LAN's chief executive, said on a conference call Friday. The Oneworld grouping led by AMR Corp.'s (AMR) American Airlines, British Airways PLC (BA.LN) and its Spanish merger partner Iberia may have the most to lose. Latin America was a region of relative strength for Oneworld through LAN's membership, but it has been weakened by the recent bankruptcy filing from the main unit of Mexicana. Mexico's largest airline joined the alliance late last year. "LAN and TAM have stressed that both airlines will continue to operate independently once they combine under a single holding company," said Oneworld in a statement. "So Oneworld and its other member airlines look forward to building further our successful working relationships with LAN into the future," Oneworld said. Star was more circumspect, but said it expected TAM to remain a member even if consolidation led to "future effects" on alliance membership. "Both TAM and the Star Alliance remain committed to delivering...benefits across the Latin American and global network," it said in a statement. Star is led by Deutsche Lufthansa AG (DLAKY, DLA.XE) and the United Airlines unit of UAL Corp. (UAUA). SkyTeam members declined comment on whether they would pursue a merged LAN-TAM as a member, though has said it wants to recruit in Latin America. The grouping is led by Delta Air Lines Inc. (DAL) and Air France-KLM SA. Delta is the second-largest U.S. airline on routes to and from South America, trailing only American Airlines. -By Doug Cameron, Dow Jones Newswires; 312-750-4135; doug.cameron@dowjones.com

Stock News for Ual (UAUA)
DateTimeHeadline
09/28/201015:25:27Ohio Attorney General To Review Southwest/AirTran Deal
09/22/201018:41:27Continental Sees US Traffic Down, International Up In 3Q
09/20/201012:45:35UAL, Continental Stock To Be Listed On NYSE After Merger
09/01/201018:22:09Continental Traffic, Capacity Down In Aug; Occupancy At Record
08/31/201010:19:33DoT Gives Route-Transfer Exemption To Continental, United
08/27/201018:54:20UAL-Continental Airlines Merger Expected To Close Oct 1
08/27/201017:00:12Southwest Airlines To Begin Flights To Newark Liberty In March
08/27/201010:24:03Continental, United Pilots Seek To End Outsourcing To Regional...
08/20/201017:23:34A&P Hires Retired United Airlines CFO As Administrative Executive
08/16/201013:07:09Air Alliances Confident After LAN-TAM Merger Move
08/10/201010:23:12Virgin America Plans Dallas Flights, But Chicago Slipping
08/04/201008:16:56SkyWest Agrees To $133 Million Deal For ExpressJet
07/27/201010:01:52EU Clears United Airlines, Continental To Merge
07/24/201012:51:18Continental Air CEO: No Management, Staff Cuts Before End-March...
07/21/201013:02:49American Air Reshuffles Management; Reports 2Q Loss
07/20/201009:11:17UAL Corp 2Q Profit Soars As Key Revenue Gauge Surges
07/16/201015:11:18US EQUITIES WEEK AHEAD: More 2Q Reports, June Home Sales Data
07/06/201013:39:30DOT Confirms American, Delta, Hawaiian Win New Tokyo Routes
07/02/201013:46:23US EQUITIES WEEK AHEAD: Retail Sales, Holiday, Airline Talks
07/02/201012:24:12Hawaiian Air Readies International Push, Awaits DOT Approval

Ual and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad