Transportation Secretary Says US Airlines Have 'Room for some Mergers'

Transportation Secretary says US airlines have 'room for some mergers'

Transportation Secretary Sean Duffy said he wouldn’t mind seeing some US airlines merge. Loading audio narration… In an interview with CNBC released on Tuesday, Duffy was asked if he would like to see bigger US airlines buying smaller ones. “There’s always chatter,” Duffy replied. “But is there room for some mergers in the aviation industry? Yeah, I think there is.” He said President Donald Trump “loves to see big deals happen,” and that the Tr…

US transportation secretary sees room for consolidation

US Transportation Secretary Sean Duffy said he believes there is room for consolidation in the US airline industry and that President Donald Trump “loves to see big deals happen”. However, he added that he would not “pre-commit to anything” and that if there is a merger between two larger airlines, they will have to “peel off” some of their assets to avoid one carrier holding excessive market share and driving up consumer prices. The current adm…