Biden Administration Probes Airline Industry Competition
The Justice and Transportation Departments launch an inquiry into airline mergers and pricing practices to enhance market competition.
- The inquiry will examine the impact of airline mergers on competition and consumer pricing.
- Public comments on the state of airline competition are invited until December 23.
- The Justice Department has previously blocked several airline mergers, including JetBlue's acquisition of Spirit Airlines.
- Four major airlines currently dominate 80% of the U.S. domestic passenger market.
- The investigation also includes an analysis of frequent-flyer programs and additional fees.