Not about personal gain, Kirby is well compensated, it is about his vision - the world’s largest, best airline.“……..United may not want all of American - perhaps they want just a few key assets - gates in Chicago, Hub in Miami, Hub in Dallas, for example, and be willing to get rid of some of the less desirable assets.”
And therein lies the major problem amongst several problems with Kirby’s quest.
We see this frequently with mergers and takeovers. Rush in, monetize the good stuff for the personal gain of a handful of executives, then take the “leftovers” and sell it off piecemeal at reduced prices just to get rid of it.
The Jet Blue-Spirit merger never reached V1.
This attempt will never make it off of the taxiway.
And the one major asset that almost always takes a nasty hit is human capital.
As in perform a “Neutron Jack”, i.e., keep the physical assets and make the employees go away.
The battle alone that would arise from trying to merge the seniority lists for both the pilots and flight attendants will require a ringside seat and lots of popcorn.
And the unions won’t remain silent.
He’s aggressively working on both - and United is already the world's largest.
Again, you’re coming up with reasons it won’t work and those failures of leadership and labor integration were part of the problem with the Continental/United merger. Jeff Smisek cared not one bit for people, and his mishandling of that hurt the company for many years after he was sacked.
Kirby is a different leader.
And I am more than familiar with the unions, in this case.
Again, I think this whole thing unlikely, but I think the act of planning is critical.