houston news, houston local news, breaking news in houston, houston weather at newscast media

[HOME ]   [ABOUT]   [PHOTOS]    [VIDEO]   [BLOG]   [HOUSTON]   [TEXAS]   [U.S. NEWS]  [WORLD NEWS]   [SPORTS]  [POP CULTURE  [CONTACT]

   

 

                            

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Dept. of Justice files lawsuit to block mega-airline merger

justice department

by Joseph Earnest  August 13, 2013

 

Newscast Media WASHINGTONThe Department of Justice (DOJ) filed a lawsuit today, blocking the merger between US Airlines Group and American Airlines, on grounds that it violates antitrust laws.

 

The lawsuit was filed in federal court in Washington D.C. against the airlines, saying this merger—by creating the world's largest airline—would, in the words of US Airways' management, "finish[ ] industry evolution." It would reduce the number of major domestic airlines from five to four, and the number of "legacy" airlines—today, Delta, United, American, and US Airways—from four to three. In so doing, it threatens substantial harm to consumers.

 

Click here to read or download entire lawsuit against the airlines. (pop-up)

 

The DOJ quoted US Airlines CEO in the complaint and noted that since 2005, there has been a wave of consolidation in the industry. US Airways has cheered these successive mergers, with its CEO stating in 2011 that "fewer airlines" is a "good thing."

 

With fewer airlines, the newly-merged US Airlines and American could then have a monopoly on prices, because it would result in eliminating significant competition and causing consumers to pay hundreds of millions of dollars more. Add Comments>>

 

 

  

         Search

 

       Find newscast media on youtube for houston news and local breaking news        get newscast media news feeds for breaking news, houston local news and world news.          Get our facebook updates on world news, houston news and houston local news including sports         Twitter

 Join the Newscast Media social networks

for current events and multimedia content. 


 

 

 

 

  

 

 Copyright© Newscast Media. All Rights Reserved. Terms and Privacy Policy