United First Approached Delta for a Merger, Then Reached Out to American

1. 1United Airlines (UAL) CEO Scott Kirby called Delta Air Lines (DAL) CEO Ed Bastian last year to propose a merger.
2. 2Delta's management reviewed the pros and cons of the proposal in preliminary due diligence, but the discussions did not progress and both sides dropped the proposal.
3. 3Kirby subsequently approached American Airlines (AAL) about a merger as well but was rebuffed — illustrating major carriers' pursuit of consolidation amid expectations of a more lenient antitrust stance under the Trump administration.

Source Investing.com +1 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →