Department of Justice Reportedly Probing American/JetBlue Alliance
The U.S. Department of Justice (DOJ) is reportedly probing an alliance between American Airlines Group (NASDAQ: AAL) and JetBlue Airways (NASDAQ: JBLU), investigating whether coordination between the two airlines would lead to anticompetitive behavior and higher fares at certain airports.
In January American and JetBlue won Department of Transportation approval for a new alliance covering New York and Boston. The airlines argued that by cooperating and swapping landing rights at New York's many airports, they could offer better options to fliers in the region.
Image source: JetBlue.
Source Fool.com
