Monday, November 27, 2006

Continental May have to Merge

HOUSTON (AP) -- The chief executive of Continental Airlines Inc. says the company would consider a merger to remain competitive if the industry continues to consolidate.

In a message to employees Friday, two days after US Airways Group Inc. made a hostile bid for bankrupt rival Delta Air Lines, Continental chief Larry Kellner told employees the airline wants to remain independent and continue to grow.

"However, if the landscape of the U.S. airline industry does indeed change, we'll do what we need to do to act in the best interests of you, our customers, our shareholders and the communities we serve," Kellner said in the message released by the airline, the nation's fourth-largest carrier.

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