(Reuters) — United Airlines is now in separate merger talks with Continental Airlines Inc. and US Airways Group Inc. for the second time in two years as carriers feel pressure to further cut capacity, build revenue and accelerate the industry's recovery.
Word of potential consolidation, confirmed by a source familiar with the matter, has pushed the shares of U.S. airlines higher.
Many Wall Street analysts have responded positively to the prospect of a deal, especially between United, a unit of UAL Corp.and Continental.
