Justice Department Opens Probe of Airlines for Possible Collusion


Joel Chefitz assessed the Justice Department collusion investigation against US airlines, saying that “if all they’re talking about is an industry acting in a disciplined fashion, matching supply with demand as opposed to cutting prices willy-nilly in order to fill up seats … then I don’t expect the government will actually file a lawsuit.” Mr. Chefitz noted that government regulators had approved industry consolidation and said “it would be truly ironic if the government, having approved the mergers that created a consolidated, concentrated industry, an oligopoly, would now complain.” Read the full article