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Stock impact report

American Airlines to pay $45 million to end consumer antitrust lawsuit [MSN Money]

American Airlines Group, Inc. (AAL) 
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
Company Research Source: MSN Money
© Scott Olson Getty Images CHICAGO, IL - MAY 11: American Airlines aricraft sit at gates at O'Hare International Airport on May 11, 2018 in Chicago, Illinois. American Airlines Group Inc. agreed to pay $45 million to end a consumer antitrust lawsuit that accused it and three other major U.S. airlines of colluding to limit plane capacity and drive up domestic airfares. Load Error The Fort Worth, Texas-based carrier is the second to settle 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. American, too, has pledged its cooperation as the litigation continues against United Continental Holdings Inc. and Delta Air Lines Inc. The four airlines’ fares rose substantially even though demand was stagnant and the price of jet fuel, one of the largest costs for airlines, was declining, according to the consumers. Executives for those companies are accu Show less Read more
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