United Continental Holdings

US Government Files Suit To Block American/US Airways Merger

I certainly can’t say I saw this one coming.  The US Department of Justice has filed suit to block a merger between American Airlines and US Airways.  Quoting attorney general Eric Holder: “By challenging this merger, the Department of Justice is saying that the American people deserve better,” said Attorney General Eric Holder in a statement. “This transaction would result in consumers paying the price—in higher airfares, higher fees and fewer choices.” That might be what the DOJ is saying, but they’re wrong. There’s almost no competition on direct routes between the […]