U.S. Transportation Secretary Sees Room for Airline Mergers

U.S. Department of Transportation (DOT) Secretary Sean Duffy said on Tuesday he thinks there is ​room for consolidation in the U.S. airline industry but said ‌any potential deal would face close scrutiny on how it would affect consumers.

"If there was a merger between some of the larger airlines, they would have to peel off some of their assets," Duffy said on CNBC. "I am not going to pre-commit to anything."

Sharply higher jet fuel prices during the U.S.-Israeli ⁠war on Iran have fed speculation there could be a new round of consolidation in the U.S. airline industry. Any deals would need approval from USDOT and the Department of Justice (DOJ), according to Duffy.

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