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Investing.com -- The White House said Wednesday it does not have a position on reports that United Airlines is considering a merger with American Airlines.
White House press secretary Karoline Leavitt told reporters that while the merger idea has been proposed by private industry, it is not something President Donald Trump or the White House are weighing in on.
United Airlines CEO Scott Kirby pitched the potential merger with American Airlines in a meeting with Trump in late February, according to reports from Bloomberg and Reuters. The combination would mark the biggest consolidation move in the U.S. airline industry in more than a decade.
A merger between United and American would bring together two of the largest U.S. network carriers in a domestic market already dominated by four similarly sized players. Such a deal would likely face significant regulatory hurdles.
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