United Airlines (UAL) CEO Says Asset Purchases Remain Possible as Fuel Costs Pressure Weaker Rivals

United Airlines Holdings, Inc. (NASDAQ:UAL) is one of the Most Undervalued Long Term Stocks to Buy Right Now. Reuters, while quoting the company’s Chief Executive Scott Kirby, highlighted that United Airlines Holdings, Inc. (NASDAQ:UAL) is open to purchasing airport slots, gates, or other assets if elevated fuel prices put weaker rivals under pressure. However, the company will not ‌pursue a major consolidation deal after the failed overture to American Airlines. In April, the CEO stated that American Airlines declined the merger after he approached.

United Airlines Holdings (UAL) Can Purchase Airport Slots, Gates, or Other Assets, Reports Reuters

As per the CEO of American Airlines, the rejection was because the tie-up would have been anti-competitive and ​bad for the customers. On the other hand, Scott Kirby believed that it could prove beneficial for the consumers. However, this kind of large transaction cannot be reached without the support of the management of American Airlines.

United Airlines Holdings, Inc. (NASDAQ:UAL)’s Chief stated that the increased ⁠fares are expected to place the company on track to recover from the hit later this year that it took because of increased fuel prices. Reuters, while quoting the CEO, further reported that the demand remained strong, even though the company anticipates higher fares to eventually have some impact.

United Airlines Holdings, Inc. (NASDAQ:UAL) offers air transportation services.

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