American Airlines to pay US$45m to settle airfare collusion lawsuit
NEW YORK (AP): American Airlines has agreed to pay US$45 million to settle a lawsuit that says it and other major United States airlines colluded to drive up the price of airfares.
In settling the case, American denied any wrongdoing. The company, in a statement, said fighting the case in court would be costly.
Earlier this year, Southwest Airlines also reached a settlement in the case, agreeing to pay US$15 million. Southwest also denied any wrongdoing.
The lawsuit alleges that major US airlines colluded to limit capacity in order to increase ticket prices.