U.S. Blocks Huge Airline Merger

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american-airlinesIn a move that surprised the markets and the airline industry, the Department of Justice filed a lawsuit today to block a pending merger between American Airlines and US Airways.

In the months since the two large airlines agreed to join forces, consumers have fretted that the deal would reduce competition and result in higher fares. The Daily Beast’s Miranda Green reports on the immediate fallout here.

{Andy Heller-Matzav.com Newscenter}

1 COMMENT

  1. reduce competition my foot the government needs to stop minding companies business they are no where near a monopoly with united and continentals merger….by trying to equalize things it reduces motivation

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