(afagen)

Past Statements About Moneymaking Mergers Returning To Bite Airline Execs In The Behind

It appears that the Department of Justice has been doing its research and is pulling a bit of a “Remember when you said that thing about mergers hiking airline fares?” in its lawsuit seeking to block them merger of American Airlines and US Airways. Included in the 56-page lawsuit filed yesterday are quotes from internal emails as well as comments made in public by the airlines’ top executives touting the fact that past mergers have led to raised fares and more fees passengers have no choice but to pay. [More]