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US: Up to 28 antitrust lawsuits filed against four big carriers

By  |  July 13, 2015

With a flurry of filings late last week, we now count 28 class-action lawsuits filed that allege that the four biggest US carriers have colluded to hold down capacity and thereby drive up airfares.

All the lawsuits have been filed since July 1, when the U.S. Department of Justice confirmed it was looking into what airlines had been saying about capacity to investors, Wall Street analysts and others. The four are American Airlines, Southwest Airlines, Delta Air Lines and United Airlines.

The US District Court in Brooklyn leads the list with seven lawsuits filed there, including three on Thursday alone.

All allege the same basic facts – that the four control about 80 percent of the domestic capacity – and make the same basic allegation – that they signal to each other to hold down capacity and raise airfares.

Full content: Forbes

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