Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
American to pay $45M to settle airfare collusion lawsuit
NEW YORK – American Airlines has agreed to pay $45 million to settle a lawsuit that says it and other major U.S. airlines colluded to drive up the price of airfares.
In settling the case, American denied any wrongdoing. The company, in a statement, said fighting the case in court would be costly.
Earlier this year, Southwest Airlines also reached a settlement in the case, agreeing to pay $15 million. Southwest also denied any wrongdoing.
The lawsuit alleges that major U.S. airlines colluded to limit capacity in order to increase ticket prices.
News from © iNFOnews.ca, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
