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American Airlines (AAL.YS) Denies Merger Rumors with United Airlines (UAL.US); Shares Fall Nearly 3% Pre-market
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Shares of American Airlines (AAL.US) fell nearly 3% in pre-market trading on Monday after the company denied market rumors about a potential large-scale merger with United Airlines (UAL.US). In a statement issued after market close last Friday, the company said it has no intention of, nor has it engaged in, any discussions regarding a merger with United Airlines. It stressed that such a transaction would be detrimental to market competition and consumer interests, and would not be in line with current antitrust principles. On the news, American Airlines shares gave back the gains recorded last Friday. (me/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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