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United Continental CEO: We Are Making Money

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    Exclusive: Jeff Smisek on airline fees, American Airlines bankruptcy fears

  • Duration 4:12
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This transcript is automatically generated

But you know.

Looking at some of these interviews and stories we've -- over the years that was discussed with my step out there's this sort of a history repeating pattern going on -- Hello awhile back in the middle of the breed bullets stocks in the middle of a belt out -- prior -- that after.

9/11 number when all the airline stocks were expecting.

And now talked just today that AMR the parent of American Airlines and heap of trouble for a -- that stock trading under two bucks a share.

Growing concerns that it could go bankrupt the company denying such concerns and that the rumors are nasty and unwarranted.

With us now though it's one of the power -- of this industry.

-- United Continental conservatives so.

Sites my second -- -- -- just by the ups aren't looking at my next guess -- -- one of the things its interest in -- look at history repeating itself.

Is the risk that we're gonna read this at all this again that we're gonna go through an airline industry -- do you think we -- No I don't think so actually we're we are today with a tepid economy high unemployment high fuel we're making money we're actually making good money.

And -- you've been able to punitive without the -- in other words that the only seems to beat up without that it would an architect.

Well I think it's certainly it's help but we've got arrives it will bring in that the synergies that we expected but we have had consolidation that's been.

We've had very good capacity this as fuel prices have risen we've taken that we've burned off demand for higher prices we taking capacity out to match that.

And also the airlines are now her professional management would have -- the -- -- -- what we've got professional management so those three things I think are very good for the business.

And what about the workers this seems to be its economy its -- -- some the other -- concerns about the wants of the combined entity now uniting them now.

Whether they will be treated the same.

Whether they we'll have an equity interests whether they will share in the growth and profits.

Senator you've heartless -- you're him from office co -- if you wanna make sure that everybody shares upside -- -- And I think the markets are differentiating.

United from our competitors.

And I think that's -- and I think that's a that's a war -- -- -- I think that we've got a lot Bob on -- plate to do to bring your speakers together.

-- the same time we're we're investing in our product reporting five perfect human cells in tears just artistic taking.

New new Boeing aircraft from what Jim McNerney who's just on the -- And actually we see that we see we see a lot of upside.

-- in your industry came up with the idea of the leg room -- The legroom -- -- -- that give extra legroom.

You pay a little extra things well I think I think what we're trying to do is give customers a choice of products and they're their second pick and pay for things they want Clinton to think it went over did -- -- we use specifically.

You know there's some airlines event if you bring.

One bad if you bring a larger bad I don't some people maybe it's just -- -- demand.

What's the deal.

Well I think what we're trying to do is get as it is is get -- Dresser you and I live on the same same airplane -- such basic price and you checked to back.

Cross subsidizing unless you're being charged -- I think this is more fair you're the one whose cousin so this is the so this is just need to -- don't do that -- the where the world lets people pick and pay for what they wanna do is enough.

Not not Paper with the don't want that you had -- -- -- today thank you pull fluid problems that children do better Chicago.

And in other airline CEOs went so that -- what was it about.

-- about the importance of aviation.

To the Chicago economy making sure that Chicago remains competitive.

This is that He wanted to extremists that's one of the world's busiest airports already what does He wanted to.

Well He wants to make sure that we we remain an aviation -- he's got he's got going here he's got.

United here it's because of American -- regrets what so anyway yeah.

All we talked about taxes because you as you know we're taxed -- -- -- -- -- -- -- farms that's a huge burden we're not a -- we're good we're upset.

Talk about things we could do about that talked about ways to improve the next generation.

Air traffic control system so we could have more throughput did you get an assistant explores -- on taxes they're so close correct.

I did I'm not sure they'll take me up -- yeah.

Sit outside victory if -- -- very much it's it's right but congratulations another way happy anniversary thank you your bank -- -- partnership are.

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