--- title: "美國航空終止了與聯合航空的合併談判，而富國銀行則暗示可能會有另一次合併的可能性" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/283230501.md" description: "美國航空拒絕了聯合航空的合併提議，稱這將損害競爭和消費者利益。該航空公司旨在專注於其戰略目標。富國銀行分析師 Christian Wetherbee 認為，聯合航空與達美航空的合併可能性更大，而捷藍航空可能是聯合航空的一個較小目標。航空業仍然高度集中，關注點將轉向 Spirit Airlines 的不確定未來以及聯合航空在拒絕後可能採取的舉措" datetime: "2026-04-18T17:27:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283230501.md) - [en](https://longbridge.com/en/news/283230501.md) - [zh-HK](https://longbridge.com/zh-HK/news/283230501.md) --- # 美國航空終止了與聯合航空的合併談判，而富國銀行則暗示可能會有另一次合併的可能性 Certainly this past week saw several key stories in the aviation world. First came the story that Spirit Airlines could be liquidated at any moment, only to be followed later in the week by reports that the budget carrier had asked the Trump administration for an emergency bailout. Then, of course, came the reopening of the Strait of Hormuz late in the week, which sent jet fuel prices in New York sharply lower and airline stocks soaring... It now appears that American Airlines has rejected United Airlines CEO Scott Kirby's idea to merge the two carriers. Kirby recently pitched President Trump on the tie-up. American told The New York Times in a statement that it was "not engaged with or interested" in the merger idea pitched by CEO Kirby. "While changes in the broader airline marketplace may be necessary, a combination with United would be negative for competition and for consumers, and therefore inconsistent with our understanding of the administration's philosophy toward the industry and principles of antitrust law," American said, adding, "Our focus will remain on executing on our strategic objectives and positioning American to win for the long term." White House Press Secretary Karoline Leavitt told reporters earlier this week that the merger was "not something the president or the White House has an opinion on or is weighing in on at this time." Wells Fargo analyst Christian Wetherbee told clients that the American-United merger was unlikely, but on his radar was "an opportunity for United and Delta." "This idea furthers our belief that the fuel shock presents an opportunity for United and Delta to emerge better positioned, potentially suggesting upside to out-year estimates," Wetherbee said. He noted a potential merger between United and American could be too large, as the combined carrier would control around 40% of domestic capacity without divestitures. As an alternative, Wetherbee suggested JetBlue could emerge as a smaller, more realistic target if American rejected United, giving United valuable assets in New York and Florida with less regulatory fallout. Some analysts have already described the airline industry as highly consolidated and a classic oligopoly. On our radar next week: Spirit's meeting with Transportation Secretary Sean Duffy, along with the carrier's uncertain fate as creditors could pull the plug at any moment. Attention will also shift to United and whether, after being rejected by American, it makes a move toward Delta. Meanwhile, jet fuel prices in New York are plunging, a welcome development for airlines after four weeks of soaring prices that led some carriers to hike bag fees and ticket prices to offset fuel costs. ### 相關股票 - [AAL.US](https://longbridge.com/zh-HK/quote/AAL.US.md) - [JBLU.US](https://longbridge.com/zh-HK/quote/JBLU.US.md) - [UAL.US](https://longbridge.com/zh-HK/quote/UAL.US.md) - [DAL.US](https://longbridge.com/zh-HK/quote/DAL.US.md) - [JETS.US](https://longbridge.com/zh-HK/quote/JETS.US.md) - [AIRL.US](https://longbridge.com/zh-HK/quote/AIRL.US.md) - [AALG.US](https://longbridge.com/zh-HK/quote/AALG.US.md) - [SAVEQ.US](https://longbridge.com/zh-HK/quote/SAVEQ.US.md) - [WFC.US](https://longbridge.com/zh-HK/quote/WFC.US.md) - [WFC-D.US](https://longbridge.com/zh-HK/quote/WFC-D.US.md) - [WFC-L.US](https://longbridge.com/zh-HK/quote/WFC-L.US.md) - [WFC-Y.US](https://longbridge.com/zh-HK/quote/WFC-Y.US.md) - [WFC-C.US](https://longbridge.com/zh-HK/quote/WFC-C.US.md) - [WFC-Z.US](https://longbridge.com/zh-HK/quote/WFC-Z.US.md) - [WFC-A.US](https://longbridge.com/zh-HK/quote/WFC-A.US.md) ## 相關資訊與研究 - [差點誕生航空巨獸！聯合航空提合併 美國航空直接拒絕](https://longbridge.com/zh-HK/news/284207892.md) - [美國航空、聯合航空合併確定破局 雙方不談了](https://longbridge.com/zh-HK/news/284325990.md) - [聯合航空首席執行官證實曾接洽美國航空商議合併](https://longbridge.com/zh-HK/news/284208066.md) - [高油價侵蝕獲利 聯合航空大幅下修全年財測](https://longbridge.com/zh-HK/news/283599662.md) - [航油價格飆升令多家美國航空運營商業績承壓](https://longbridge.com/zh-HK/news/283955759.md)