CHICAGO -- In an effort to boost revenue and stem rising fuel costs, Continental Airlines and United Airlines have announced an alliance that will link the two carriers' flight and fare systems.
In a June 19 statement, the carriers said they will sell tickets on the same flights with the aim of reducing operational and marketing costs. Continental said that it will submit a request to the Department of Transportation to allow it and United to join an already established antitrust immunized alliance that will enable the airlines, along with Lufthansa, Air Canada and six other carriers, to establish trans-Atlantic and other international joint ventures, according to the statement.
Houston-based Continental has more than 45,000 employees and provides more 3,100 flights a day, the airline said. Chicago-based United has more than 55,000 employees said it provided more than 3,200 flights daily.
There was no mention of whether the alliance would trigger any staff cuts, according to a statement released by Glenn Tilton, chairman, president/CEO of United and Larry Kellner, chairman and CEO of Continental. Industry analysts in several publications have indicated that the agreement should not have any impact on the respective airlines' employees.
The $200 million Continental Federal Credit Union serves Continental. Although chartered to serve United 73 years ago, $5 billion Alliant CU has since diversified its field of membership.
Remote Deposit Arrives at Pacific Community CU
FULLERTON, Calif. -- Pacific Community Credit Union is set to roll out remote deposit capture this summer.
The $180 million credit union plans to unveil its newest business banking feature at its sunset mixer on July 9. The service allows members to deposit checks into their account without having to leave their office. Pacific Community said it will provide the check scanner for the service. Remote deposit is the newest feature of the credit union's One 2 One Business Banking venture.
Pacific Community serves more than 14,000 members.