United Airlines says it’s not in talks to merge or partner with another airline.
The Chicago-based carrier took the unusual step today to publicly dismiss merger speculation after a report on social media that the Chicago-based carrier was pursuing a deal with JetBlue.
“It has come to the company’s attention that there may be rumors spreading among certain of our investors regarding United’s involvement in a potential strategic transaction with another airline,” United said in a securities filing today. “The company is not in negotiations or discussions with any other airline regarding a merger, acquisition or similar strategic transaction and has not been in any recent discussions with any airlines regarding the same.
“As indicated by United’s strong earnings results and outlook provided on Jan. 21, 2025, the company has great momentum and a bright future ahead.”
United’s stock recently topped a record $110 a share.
Merger speculation likely started Tuesday when JetBlue executives were asked on an earnings call about partnerships with other airlines. The Queens-based airline had attempted a partnership with American Airlines in 2022, then attempted to acquire Spirit Airlines but ran into opposition from the U.S. Department of Justice, which took a tough stance against mergers. The Trump administration is expected to be more open to mergers.
“So, we’re having conversations with a number of carriers right now to discuss the potential for future partnership,” JetBlue CEO Joanna Geraghty said. “The judge in Massachusetts obviously laid out a framework that would be acceptable under at least the prior administration. So, you know, that’s what we’re looking at, but there’s nothing to announce.”
United’s stock was down 2.3% on Friday afternoon to $106.38 per share.
This article originally appeared in Crain’s Chicago Business.
