18.06.2018 03:09:19

American Airlines Agrees To Pay $45 Mln To Settle Fare Collusion Suit

(RTTNews) - American Airlines Group Inc. (AAL) agreed to pay $45 million to end a consumer antitrust lawsuit accusing it and three other major U.S. airlines of colluding to limit plane capacity and drive up domestic airfares.

The Fort Worth, Texas-based carrier is the second to enter a settlement in the three-year-old litigation. Southwest Airlines Co. won preliminary court approval for its offer to pay $15 million and cooperate in the case in January. Also named as defendants are United Continental Holdings Inc. and Delta Air Lines Inc.

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American Airlines Inc 16,20 -1,32% American Airlines Inc
Delta Air Lines Inc. 66,22 0,26% Delta Air Lines Inc.
United Airlines Holdings Inc Registered Shs 104,10 6,20% United Airlines Holdings Inc Registered Shs