United Airlines CEO Approached American on Merger, but American Declined Discussions

United Airlines CEO Scott Kirby confirmed on Monday that he directly approached American Airlines about a potential merger, but American refused to engage in discussions. In a press release issued Monday, Kirby stated his confidence that the proposed merger would add value and create a great airline capable of securing regulatory approval.

Kirby raised the merger idea during a late February meeting with President Trump, originally scheduled to discuss the future of Washington’s Dulles airport.

American Airlines issued a statement on April 17 declaring it is not engaged with or interested in any discussions regarding a merger with United Airlines. The company stated that such a combination would be negative for competition and for consumers, and could raise significant antitrust concerns. American Airlines, based in Fort Worth, Texas, resulted from a 2013 merger with US Airways Group.

President Trump stated last week that he opposes a merger between United Airlines and American Airlines. Earlier this month, Trump said, 'But with American it’s doing fine, and United is doing very well. I know the United people, they’re doing very well.

U.S. economy by generating millions of jobs, and strengthen the aircraft manufacturing sector. 72.

United Airlines shares are down about 20% since the war in Iran began in late February, which sent fuel prices soaring. 84.