United Continental Holdings Inc , formed from a 2010 merger of United Airlines and Continental Airlines, said on Wednesday it received approval from the Federal Aviation Administration (FAA) to operate as a single carrier.The FAA's award of a single operating certificate means the government recognizes United and Continental as one carrier, using the name "United Airlines".The company, which continues to fly as two airlines while it integrates operations, said the step is a "regulatory milestone" and will not immediately affect customer dealings.United said customers will continue to shop for flights and make other arrangements on each carrier's respective website until it fully blends passenger services in the first quarter of 2012.
United Continental Holdings, Inc. (UAL), formerly UAL Corporation, is a holding company and it?s, wholly owned subsidiaries are United Air Lines, Inc. Shares of UAL fell by 0.76% or $-0.1348/share to $17.50. In the past year, the shares have traded as low as $15.51 and as high as $28.59. On average, 5796920 shares of UAL exchange hands on a given day and today's volume is recorded at 1603758.
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