financetom
Business
financetom
/
Business
/
Major airlines criticize Biden's air competition review, seek more time
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Major airlines criticize Biden's air competition review, seek more time
Nov 4, 2024 11:18 AM

WASHINGTON, Nov 1 (Reuters) - Groups representing major

airlines on Friday criticized the Biden administration's broad

public inquiry into the state of competition in air travel,

saying the review needs more time and could dramatically impact

the future of U.S. aviation.

Carrier groups including Airlines for America and the

International Air Transport Association urged the Justice

Department's Antitrust Division to extend the public comment

period for another 60 days beyond the Dec. 23 deadline.

The government "should not rush the collection of

information about the highly competitive air transportation

marketplace, pull resources from high-tempo operations during

the holiday season, or fail to collect the necessary

information," they said.

The U.S. Department of Transportation (USDOT) said it would

consider the airlines request for an extension. It added: "The

American people deserve a healthy and competitive aviation

sector that allows for reliable service, fair prices, and a wide

availability of travel options for communities of all sizes."

The Justice Department did not immediately comment.

Airlines and the Biden administration have repeatedly

clashed in recent years.

The agencies want details on previous airline mergers,

exclusionary conduct, airport access, aircraft manufacturing,

airline ticket sales, pricing and rewards practices and the

experiences of aviation workers.

U.S. President Joe Biden has made boosting airline

competition a top priority and his administration has taken an

aggressive approach to blocking consolidation efforts in the

airline industry.

In September, USDOT opened a probe into the frequent flyer

loyalty programs of major airlines and pressed them to adopt new

customer service protections and is preparing to a release a

proposal on delay compensation.

The letter from the groups - representing American Airlines ( AAL ),

Delta Air Lines ( DAL ), United Airlines, Southwest

Airlines ( LUV ), FedEx ( FDX ) and others - said the extension

request is aimed at identifying "future actions regarding

competition matters in air transportation" adding, "the

submissions could dramatically impact the future air

transportation marketplace, including to the detriment of the

American public".

The Justice Department successfully sued to block JetBlue

Airways' ( JBLU ) planned $3.8 billion acquisition of

ultra-low-cost carrier Spirit Airlines ( SAVE ) and went to

court to force JetBlue ( JBLU ) to end its U.S. northeast partnership

with American.

The USDOT also insisted on significant concessions before it

allowed Alaska Airlines to complete its acquisition of

Hawaiian Airlines.

Airlines for America said last week the timing of the

inquiry 12 days before the November presidential election

"suggests political motivations".

For decades, antitrust regulators approved a series of

mergers that have resulted in four U.S. airlines - American,

Delta, United and Southwest ( LUV ) - controlling about 80% of the

domestic passenger market.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
NurExone Biologic Expanding European Engagement with Investor Events in Germany, Switzerland
NurExone Biologic Expanding European Engagement with Investor Events in Germany, Switzerland
May 26, 2025
04:29 PM EDT, 05/02/2025 (MT Newswires) -- NurExone Biologic ( NRXBF ) after close of trade Friday announced it is deepening its engagement with the European financial and healthcare communities through participation in three upcoming events. In a statement it said this increased activity follows NurExone's recent announcement of a potential third therapeutic indication for its lead drug asset, ExoPTEN...
Copley Acquisition Closes $172.5 Million IPO
Copley Acquisition Closes $172.5 Million IPO
May 26, 2025
04:27 PM EDT, 05/02/2025 (MT Newswires) -- Copley Acquisition (COPLU) said Friday it closed its initial public offering of 17.25 million units, including 2.25 million units after the underwriters exercised an over-allotment option in full, at $10 per unit, for gross proceeds of $172.5 million. The units started trading on the New York Stock Exchange on Thursday under the ticker...
GFG Resources Closes C$3 Million Financing With Strategic Investment from Alamos Gold
GFG Resources Closes C$3 Million Financing With Strategic Investment from Alamos Gold
May 26, 2025
04:25 PM EDT, 05/02/2025 (MT Newswires) -- GFG Resources ( GFGSF ) said shortly before the close of trade Friday that it has completed a private placement for gross proceeds of C$3 million, with Alamos Gold Inc. ( AGI ) purchasing securities that sees it continue to hold an interest in the company. Shares in GFG edged up $0.005 to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved