business / news / / The Globe and Mail
United Airlines CEO Scott Kirby has pitched a combination with American Airlines Group AAL-Q, sources say.
United Airlines CEO Scott Kirby has discussed a merger with American Airlines with U.S. officials.
KEY POINTS
- It is unclear if United has made a formal approach to American or started a formal process.
- American Airlines' shares rose over 5% after news of the potential merger surfaced.
- American is the smallest of the big four U.S. airlines by market capitalization at $7 billion.
- U.S. Transportation Secretary Sean Duffy recently stated any airline merger would face close consumer scrutiny.
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