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Stock impact report

United Airlines CEO says a proposed merger would benefit travelers, but American still won't return his calls [Fortune]

American Airlines Group, Inc. (AAL) 
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
Company Research Source: Fortune
Days after the meeting in Washington, American shot down the idea of a merger. “American Airlines is not engaged with or interested in any discussions regarding a merger with United Airlines,” the company said in an April 17 press release. Additionally, a combination of the two carriers “would be negative for competition and for consumers” and possibly raise antitrust concerns, the company said. Fort Worth, Texas-based American Airlines is itself the product of a 2013 merger with US Airways Group. President Donald Trump also said last week that he was against a merger of the airlines. In his press release Monday, Kirby argued that a merger between the iconic airlines would expand service, create a globally competitive airline and boost the U.S. economy by creating millions of jobs and strengthening the aircraft manufacturing sector. Shares of Chicago-based United shares fell 1.4% on Monday, to $91.72. They are down about 20% since the war in Iran began in late February, sen Show less Read more
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