United CEO calls a potential United-American merger 'incredible' as American shuts the door
AP News • • business
Key Points:
- United Airlines CEO Scott Kirby proposed a merger with American Airlines, arguing it would enhance service, create a globally competitive airline, and boost the U.S. economy by generating jobs and supporting aircraft manufacturing.
- Despite Kirby's outreach, American Airlines declined to engage in merger discussions, stating such a combination would harm competition, consumers, and raise antitrust concerns.
- The merger idea gained attention after Kirby reportedly discussed it with the White House, but both American Airlines and President Donald Trump publicly opposed the plan.
- Following the merger talks and ongoing geopolitical tensions affecting fuel prices, United Airlines' shares fell 1.4% and are down about 20% since late February, while American Airlines' shares dropped 2% and are down roughly 15% over the same period.
