Catherwood LibraryILR School

United Airlines chairman Glenn Tilton told investors this week that the answer to the airline industry?s financial problems is consolidation and to look to United to act. He stated that when United emerges from bankruptcy, it will be in a prime position to acquire because it has the best assets and will have used the bankruptcy to strengthen its finances for mergers. Acknowledging union concerns and government and financial barriers, he stressed the need for the industry to follow the example set by the telecommunications industry that is also dealing with overcapacity and commoditization.