United CEO Kirby Rules Out Major M&A, Says Ticket Pricing Near Break-Even on Fuel Costs

According to Reuters, United Airlines CEO Kirby stated on June 7 that the carrier is unlikely to pursue major merger and acquisition activity, though it may still purchase aviation assets such as takeoff and landing slots or gates. The airline's pricing has "approached" levels sufficient to offset higher fuel costs, and Kirby emphasized that demand remains robust despite expectations of eventual demand elasticity. He also dismissed fuel hedging as ineffective and expressed confidence that the aviation industry's net-zero carbon emissions targets are achievable, contingent on favorable government policy support.
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