Scott Kirby, CEO of United Airlines Holdings Inc., stated the airline is prepared to acquire strategic assets such as airport slots and gates from struggling competitors. Speaking at the International Air Transport Association's annual meeting in Rio de Janeiro, he dismissed the possibility of a major merger with American Airlines, which had previously rejected United's proposal. Kirby argued that the merger would have benefited consumers but acknowledged the need for cooperation from American's management, which was not forthcoming. He also addressed concerns about potential acquisitions of JetBlue Airways, suggesting that its financial stability makes it less attractive. Kirby emphasized United's competitive advantage, citing its higher operating profits and commitment to investing in technology and customer service. Despite warnings from the IATA about declining airline profits due to soaring jet fuel prices, he expressed confidence in United's ability to recover later this year, especially after the collapse of Spirit Airlines, which may indicate further struggles for budget carriers.