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00:02United Airlines reportedly approached Delta Airlines last year about a potential merger
00:07that would have combined two of the largest U.S. airlines, according to Fox Business.
00:12The Wall Street Journal reported that United CEO Scott Kirby pitched the idea to Delta CEO Ed
00:18Bastion. Delta reportedly conducted preliminary due diligence before both companies moved on.
00:24Neither airline confirmed the discussions. The merger would have reshaped the airline industry
00:29and likely drawn scrutiny from federal and state antitrust regulators.
00:33The report also said Kirby explored a merger with American Airlines earlier this year,
00:37but American rejected the proposal, calling it anti-competitive.
00:41Kirby has since downplayed the chances of a major merger, saying United remains interested
00:46in buying airport slots, gates, and other assets, but views industry consolidation as unlikely.
00:51For all things money, visit Benzinga.com.
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