This could lead to Continental joining the Oneworld Alliance along with American, or they could stick with SkyTeam. Continental and American do have a connection as American’s current Executive VP of Marketing, Dan Garton, once worked for Continental. My bet is that they stick with SkyTeam. Time will tell.
Continental is widely regarded as the best run domestic airline. Today, it became apparent why. Continental has abandoned its merger talks with United according to this New York Times article. Look for United and US Airways to announce something soon.