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-0.000249500998003907 -0.00279441117764472 -0.00129740518962071 -0.00568862275449109 -0.00988023952095803 -0.00568862275449109 -0.00813373253493012 -0.0115768463073852
Stock impact report

United Airlines merger with American Airlines would hurt consumers, senators say [CBS News]

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: CBS News
"If United and American were to merge, airlines would face less pressure from rivals to keep the cost of flying down, and airlines across the industry could raise ticket prices and fees even higher," Sen. Elizabeth Warren, a Democrat from Massachusetts, and Sen. Mike Lee, a Utah Republican, said in an April 19 letter to United CEO Scott Kirby and American CEO Robert Isom. The letter, which Warren's office shared with CBS News, comes less than a week after Kirby floated the idea of a possible merger between the two carriers. Combining United and American would also "hurt smaller airlines' ability to compete for critical gate access" and reduce wages for airline workers by reducing the number of employers bidding for their labor, the senators wrote. In their letter, Warren and Lee also asked the two airlines' chief executives to indicate by May 3 if they have discussed a deal and to detail how a merger could potentially affect American consumers. Representatives for United and Show less Read more
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