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United approached Delta about a merger last year

Investor's Business Daily +3 ·

DAL Delta Air Lines Inc
$82.97 -0.82%
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  1. 1United Airlines (UAL) CEO Scott Kirby contacted Delta Air Lines (DAL) CEO Ed Bastian last year to propose a merger, according to reports.
  2. 2The Wall Street Journal reported that Delta executives discussed the proposal and reviewed its merits as part of a preliminary due diligence, but talks did not advance; United said it had "nothing to share," and Delta declined to comment.
  3. 3Kirby also approached American Airlines about a merger earlier this year, but American CEO Robert Isom rejected the idea as "anti-competitive," and Kirby subsequently drew a line, saying the likelihood of a large-scale consolidation deal is low.

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