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Toby Howell

๐Ÿ‘ค Speaker
31624 total appearances

Appearances Over Time

Podcast Appearances

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

But again, wage earners pay their taxes.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

Business owners get a little bit fast and loose with their depreciation sometimes.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

Moving on, two of the biggest airlines in the world might be joining forces like Beyond Sun and Ambrose in kicking and screaming.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

United Airlines is floating the idea of merging with American Airlines, talking to senior government officials about the tie-up, according to Bloomberg.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

It would be a bigger merger than when you veered in from the emergency lane just before the airport exit.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

Their combined fleet would number over 2,800 aircraft.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

Their combined revenue would top $100 billion, and it would bring more than a third of the entire U.S.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

airline market under one carrier.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

That is, of course, if antitrust regulators can stomach numbers like that.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

A merger of the second and third largest U.S.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

carriers by revenue would face huge opposition from smaller rivals as well as some on Capitol Hill.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

They would need to get the green light from both the Transportation Department and the DOJ before proceeding.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

But unlike your ex, the current administration is at least open to the conversation.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

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.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

Neil, we've talked about airline mergers before on this show, most recently between JetBlue and Spirit, which failed.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

But this one would be much, much bigger.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

Yeah, a lot of missteps have been made at American over the past, you know, couple of...

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

the past decade, really, American tried to go and compete with Spirit Airlines, with Frontier Airlines.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

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.

Morning Brew Daily
Taxpayers Skirt a Gutted IRS & United Eyes an American Airlines Takeover

So they made decisions like removing premium seats from planes, closing some of their airline clubs, removing the screens from seat backs.