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American Airlines said it is not pursuing or discussing a merger with United Airlines, a stance with implications for industry competition.
In an April 17 statement, American Airlines rejected any merger talks and described a combination with United as negative for competition and consumers. The company said such a deal would be inconsistent with its understanding of the Administration’s industry approach and antitrust principles.
Shares of American Airlines fell more than 4% at market open today following the announcement. The airline said it will focus on executing strategic objectives, work with the Trump administration to strengthen the broader airline industry, and acknowledged the leadership and support of President Donald Trump, Secretary Duffy, and other Administration leaders. #americanairlines #unitedmerger #stockmarket #aviationnews #corporatestrategy
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