<< Read Full Article

UAL's Pilots Say 'No Way' to US Airways Acquisition

 

Jump to Sections Below
  • M&A
  • Miscellany
    		•

    The pilots union at UAL's (UAL Quote) United Airlines said it does not support the airline's proposed $4.3 billion acquisition of US Airways (U Quote), a move that could hinder the deal. A spokesman for the union said seniority is the main sticking point and that the group "cannot at this time support the transaction".

    While a pilot veto will not actually stop the deal from being completed, it would be easier to integrate the two airlines with pilot support, according to some analysts.

    Major Indices
    INDEX CHANGE%VALUE YR TO DATE
    Dow
    142.56    		 +1.3% 10,794.76 -6.1%
    S&P 500
    28.45    		 +2% 1477.26 +0.5%
    Nasdaq
    230.88    		 +6.4% 3813.38 -6.3%
    Russell 2000
    20.56    		 +4.2% 513.03 +1.6%
    TSC Internet
    95.5    		 +11.2% 945.42 -18.1%
    TSC New Tech 30
    62.17    		 +12.2% 571.56 -7.5%
    NOTECHANGEPRICEYIELD
    10-Year Treasury
    5/32    		 102 12/32 6.169%
    ...

    << Read Full Article

    Recent Comments

    Loading .....




    Dow Jones S&P 500 NASDAQ 10-Year Note
    10,366.15 1,099.92 2,173.14 33.80
    Oil *
    77.73
    DOWN
    86.53
    DOWN
    9.32
    DOWN
    11.89
    UP
    0.57
    10 Yr
    3.38%
    SPDR Gold
    118.70
    -0.83%
    -0.84%
    -0.54%
    +1.72%
    		Data delayed 20 minutes

    Brokerage Partners

    TheStreet Premium Services

    All Services