Overview
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