A. (Mo)And I think there was a belief at Continental, at that point, that it would fare better going forward in this period of uncertainty than United.
United was, from its first quarter results, looked like it was entering a really rough patch for sure.
Continental had come off a relatively good 2007. And so I think that the decision to withdraw from the talks at the merger at that point was probably a sanguine one given the overlay of the
financial
crisis.
And more importantly, you know, Delta and had just merged. They merged into a crisis. Nobody knew whether that was
Northwest
financial
going to be successful or not.
So uncertainty is always a bad thing for an accountant. And the accountant said, let's just put this on hold for a while.
According to this and much of the testimony, it sounds like Larry said thanks but no thanks to the merger in 2008. So, where do LUAL pilots get the idea that there was some "conspiracy" and both airlines agreed to "right size" for an eventual merger?