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Stock impact report

Fort Worth-based American Airlines issues statement rebuffing rumors of possible merger with United [Yahoo! Finance]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
Company Research Source: Yahoo! Finance
According to our content partners at the Dallas Business Journal , United Airlines CEO Scott Kirby reportedly raised the idea with President Donald Trump. Anonymous sources told Bloomberg Kirby brought up the idea with Trump during a meeting in February, discussing plans to revamp Washington Dulles International Airport. However, American Airlines made it clear they have no plans for a merger. "American Airlines is not engaged with or interested in any discussions regarding a merger with United Airlines," the statement reads. "While changes in the broader airline marketplace may be necessary, a combination with United would be negative for competition and for consumers, and therefore inconsistent with our understanding of the Administration's philosophy toward the industry and principles of antitrust law." The statement goes on to say the airline will continue to stay focused on executing its strategic objectives and positioning itself to win in the long term. "We appreciate Show less Read more
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