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Stock impact report

Trump opposes United–American merger, signals support for Spirit [Yahoo! Finance Canada]

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
President Donald Trump said on Tuesday he opposes a potential merger between United Airlines and American Airlines, signaling resistance to a deal ?that would reshape the U.S. airline industry. "I don't mind mergers," Trump said in a CNBC interview, adding he ?would "love somebody to buy" Spirit Airlines, which is in bankruptcy. "But with American it's doing fine, and United is doing very well. I know the United ?people, they're doing very well. I don't like having them merge," he said. Trump's resistance underscores the political and economic risks of backing a deal that antitrust experts say would slash competition in a market already dominated by four big carriers, giving airlines more power to raise fares and fees. POLITICAL AND PRICE RISKS A combined United–American would control about 40% of U.S. domestic capacity, and the idea has ?already drawn pushback from some conservatives and ?Trump-aligned figures — an awkward fit for a White House trying to project a focus on Show less Read more
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