United Airlines Holdings, Inc. (NASDAQ:UAL) shares fell Monday after management disclosed it had approached American Airlines Group Inc. (NASDAQ:AAL) about a potential merger, which American declined.

United Airlines CEO Scott Kirby said he approached American about a merger, believing it could deliver major customer benefits, but the airline declined to engage, “publicly closing the door”, ending any path forward without a willing partner.

Merger Proposal And Strategy

United said the proposed deal aimed to create a larger, customer-focused airline driven by growth rather than cost-cutting.

The company believes the combination could expand network reach, improve customer experience, and enhance value through better products and loyalty offerings.

Potential Benefits And Outlook

The airline outlined benefits including broader domestic and international service, increased capacity, and stronger competitiveness against foreign carriers.

It said the merger could have supported job creation, U.S. manufacturing, and economic activity. United emphasized the proposal focused on growth and customer investment, unlike past consolidation-driven mergers.

The ...