In a joint letter written to Continental Airlines employees, company chairman Larry Kellner and president Jeff Smisek say that a merger with United Airlines or any other air carrier will not take place.
More than 45,000 Continental employees received the letter by e-mail Sunday following a meeting with the Continental Board of Directors. The board unanimously supported a management recommendation that the company not pursue a merger with another airline.
The two executives say that Continental still plans to consider potential alliances and membership in SkyTeam, but alternatives will also be considered in place of SkyTeam.
source: My Fox