Toby Howell
๐ค SpeakerAppearances Over Time
Podcast Appearances
But again, wage earners pay their taxes.
Business owners get a little bit fast and loose with their depreciation sometimes.
Moving on, two of the biggest airlines in the world might be joining forces like Beyond Sun and Ambrose in kicking and screaming.
United Airlines is floating the idea of merging with American Airlines, talking to senior government officials about the tie-up, according to Bloomberg.
It would be a bigger merger than when you veered in from the emergency lane just before the airport exit.
Their combined fleet would number over 2,800 aircraft.
Their combined revenue would top $100 billion, and it would bring more than a third of the entire U.S.
airline market under one carrier.
That is, of course, if antitrust regulators can stomach numbers like that.
A merger of the second and third largest U.S.
carriers by revenue would face huge opposition from smaller rivals as well as some on Capitol Hill.
They would need to get the green light from both the Transportation Department and the DOJ before proceeding.
But unlike your ex, the current administration is at least open to the conversation.
Transportation Secretary Sean Duffy told CNBC earlier this month that President Trump, he loves to see big deals happen and there's room for some mergers in aviation.
Neil, we've talked about airline mergers before on this show, most recently between JetBlue and Spirit, which failed.
But this one would be much, much bigger.
Yeah, a lot of missteps have been made at American over the past, you know, couple of...
the past decade, really, American tried to go and compete with Spirit Airlines, with Frontier Airlines.
They tried to compete on price better than compete on the luxury side of things, which is what has been driving most of the industry right now.
So they made decisions like removing premium seats from planes, closing some of their airline clubs, removing the screens from seat backs.