Aviation Week Tilton Quote
11-08-2010, 05:56 PM
#11
Banned
Joined APC: Jun 2008
Position: A320 Cap
Posts: 2,282
September 6, 2010 issue:
In regards to the UAL-CAL merger:
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In separate testimony, United Chairman Glenn Tilton also “warns of catastrophe should the merger fail.”
“United’s domestic passenger share decreased from approximately 15% in 1998 to approximately 11% at the end of the third quarter of 2009. United’s global revenue ranking fell from second to sixth over the same period. If United remains a stand-alone entity, the company expects its ability to sustain sufficient profitability and to return a reasonable return on capital base across the economic cycle to continue to be at risk.”
~~~
Why would a CEO say this, considering all of the amazing things the UAL-CAL combo will bring to the market?
In regards to the UAL-CAL merger:
~~~
In separate testimony, United Chairman Glenn Tilton also “warns of catastrophe should the merger fail.”
“United’s domestic passenger share decreased from approximately 15% in 1998 to approximately 11% at the end of the third quarter of 2009. United’s global revenue ranking fell from second to sixth over the same period. If United remains a stand-alone entity, the company expects its ability to sustain sufficient profitability and to return a reasonable return on capital base across the economic cycle to continue to be at risk.”
~~~
Why would a CEO say this, considering all of the amazing things the UAL-CAL combo will bring to the market?
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