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00:02United Airlines CEO?
00:05Scott Kirby said he approached American Airlines about a merger and confirmed talks have ended
00:09after American declined to pursue a deal, according to Bloomberg.
00:13Kirby outlined the rationale in a statement, citing potential economic benefits, job creation,
00:19and the ability to build a globally competitive airline.
00:22He said any merger required a willing partner and customer benefits to gain approval.
00:27American CEO Robert Isom said a combination would be bad for customers and anti-competitive.
00:34Trump said he prefers the airlines remain separate to preserve competition.
00:38Kirby said regulators could have approved the deal with divestitures.
00:41He added that the proposal is off the table for the foreseeable future.
00:45Shares of both airlines were little changed.
00:47For all things money, visit Benzinga.com.
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