Top 10 Articles
Department Of Justice
“(Reuters) - US Airways Group Inc and American Airlines will give low-cost competitors more access to a half dozen key U.S. airports, including New York and Washington, D.C., in exchange for permission to merge and create the world’s largest airline.”
Doug Parker was CEO of a regional airline when he saw an opportunity: buy US Airways, which was bankrupt and at risk of liquidation. He pulled it off; the combined airline was called US Airways. This year, he saw a similar opportunity: buy the bankrupt American Airlines -- and create the biggest airline in the world.
The U.S. Department of Justice says it has had a grand jury exploring the Deepwater Horizon oil spill—but apparently it is unable to come up with anyone who had actually done something criminal that brought about the spill. The only person arrested in connection with the incident so far is an engineer who, while that grand jury was operating, allegedly deleted text messages from his phone.
The federal government wants to sacrifice Doug Parker’s plan to create the world’s largest airline on the altar of lower airfares. But it’s not willing to sacrifice its own policies to that same goal. Even as its Department of Justice tries to stop the US Airways-American Airlines merger with an antitrust lawsuit, the federal government continues to restrict competition in air travel.