United (UAUA) and Continental (CAL - Get Report) have won approval of their bid for Continental to join nine other carriers in a global alliance immunized against antitrust enforcement, meaning the carriers can jointly discuss fares and scheduling on a variety of international routes.Approval came Friday in a Transportation Department ruling that largely disregards a Justice Department analysis that concluded the protections the two carriers sought were too broad, although DOT made some adjustments in the tentative approval it announced in April. Chiefly, it delayed antitrust immunity on several routes, including two to Beijing, until a third carrier besides Continental and United begins U.S.-Beijing service.
U.S. Clears Continental for Alliance
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.