Keller Rohrback LLP has filed an antitrust class action lawsuit against the four largest commercial airlines in the United States — American Airlines, Delta Airlines, Southwest Airlines, and United Airlines — claiming that the airlines and their co-conspirators conspired to raise the prices of air passenger transportation services for flights within the United States.
According to the complaint, filed in the U.S. District Court for the Northern District of California, as a result of several airline mergers beginning in 2008, American Airlines, Delta Air Lines, Southwest Airlines and United Airlines now control approximately 80% of the domestic air passenger seats. During that period, they have taken steps to limit capacity growth in order to keep air fares artificially high.
The complaint claims that with jet fuel prices dropping by 40 percent since last year, ticket prices should have followed. That they didn’t was the result of the airlines’ anticompetitive activities in violation of federal antitrust laws, including the Sherman and Clayton Acts.
The lawsuit seeks damages for individuals who have purchased airline tickets at artificially high prices due to the airlines alleged agreement to restrict capacity.
Full content: Business Wire
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Hess Shareholders Approve $53 Billion Merger with Chevron
May 28, 2024 by
CPI
EU Regulators Engage with Telegram as App Nears Critical Usage Threshold
May 28, 2024 by
CPI
EEX Offers Remedies to Address EU Antitrust Concerns Over Nasdaq Deal
May 28, 2024 by
CPI
BRG Expands European Competition Practice with New Expert Team in Brussels
May 28, 2024 by
CPI
UK Law Empowers Regulators to Fine Big Tech Without Court Approval
May 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI