Feds Investigate Airline Price-Fixing

1

american airlinesThe Associated Press reports it obtained a document showing that the Justice Department is investigating whether airlines are colluding to grow at a slower pace in order to keep airfares high.

Justice spokeswoman Emily Pierce confirmed the department is investigating potential “unlawful coordination” between the four major airlines that control 80 percent of U.S. airline seats and have managed to eliminate unprofitable flights. Read more.

{Andy Heller-Matzav.com Newscenter}

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here