Source: The Points Guy
Summary
United Airlines CEO Scott Kirby has ruled out any potential merger or acquisition plans, including a previously rumored deal with JetBlue. Kirby stated that United will not participate in any consolidation for the foreseeable future, citing JetBlue’s financial struggles. The airline will instead focus on its existing Blue Sky partnership with JetBlue, which includes reciprocal loyalty benefits and United’s return to New York’s John F. Kennedy International Airport.
Our Reading
The escape is carefully planned.
United Airlines sets its sights on no one, after American Airlines rebuffed its merger overtures. The airline’s CEO, Scott Kirby, has ruled out any potential deal, citing JetBlue’s financial struggles. Meanwhile, the Blue Sky partnership between United and JetBlue will continue, offering reciprocal loyalty benefits and United’s return to JFK Airport. The airline industry may see more dealmaking in the future, but United will likely steer clear. “The last thing I’m going to do is buy a route network that loses money.”
Author: Evan Null
