Here we go again with an airline merger. This time between United and Continental. It’s the old shell game of taking two money losing enterprises and combining them into an even bigger money losing enterprise. United is the poster boy for incompetent management. The only saving grace is the Continental guy will run the new company. Still, the track record for these mergers is abysmal. The winners will be the investment bankers and senior management. The losers will be employees, customers and stockholders. Sound familiar?
This merger of airlines will try
Combining the two to apply,
More management brains
To flying the planes
But it’s all just more pie in the sky.