THE announcement of a merger to form the world’s largest airline, with the capacity to carry nearly 150m passengers a year, might once have caused a flurry of excitement. But the $3 billion all-share deal to bring together United Airlines (UAL) and Continental Airlines was greeted on May 3rd with a politely stifled yawn. Industry rivals, employees of the two carriers and even consumer advocates—all potential losers from the combination—expressed mild misgivings but concluded that such consolidations were a sign of the times.
Vi@www.economist.com
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