Justice Department to United Airlines: you cannot have a monopoly in Newark
Source: The Guardian
Justice Department to United Airlines: you cannot have a monopoly in Newark
Jana Kasperkevic in New York
Tuesday 10 November 2015 19.10 GMT
The US Justice Department has sued to prevent United Airlines from acquiring an additional 24 flight slots at Newark Liberty international airport, in a move that could potentially endanger the airlines expansion plans.
The lawsuit filed on Tuesday claims that both United and Delta, which currently owns the slots, violated US antitrust laws Delta by attempting to sell the slots, and United by trying to buy them to maintain and enhance its monopoly position at Newark.
The slots in question are takeoff and landing authorizations issued by the Federal Aviation Administration.
United has the lions share of the slots at Newark. There are 1,233 slots allocated at Newark. United holds 902 of them. Thats 73%, said assistant attorney general Bill Baer. United controls over 10 times more slots than its closest competitor. No other airline has more than 70 slots.
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http://www.theguardian.com/business/2015/nov/10/justice-department-sues-united-airlines-newark-airport-monopoly