United Airlines (UAL) and American Airlines (AAL) are facing scrutiny from a group of US senators over a potential merger that lawmakers warned could raise airfares and reduce flight options for travelers, The Wall Street Journal reported Monday, citing a letter.
In a letter to United Chief Executive Scott Kirby and American Airlines Chief Executive Robert Isom, the senators, including Elizabeth Warren and Mike Lee, said a combined airline could "exploit market power" in overlapping routes and harm consumers, according to the report.
The lawmakers asked both carriers to disclose by May 3 details of any merger-related discussions and analyses of a potential deal's impact on fares, routes and employees, the report said.
American Airlines on Friday said that it is "not engaged with or interested in any discussions regarding a merger" with United Airlines.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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