Jet Blue and American Airlines Guilty in Antitrust Suit, Despite No Clear Harm to Consumers (opinion) [Yahoo! Finance]
American Airlines Group, Inc. (AAL)
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Source: Yahoo! Finance
for Boston Logan, JFK, LaGuardia, and Newark Liberty airports. In his opinion , Appellate Judge William Kayatta Jr. wrote that proof of "anticompetitive harm matters not at all in this case," apparently giving no consideration to whether anyone was actually hurt by the airlines' actions. The First Circuit Court of Appeals upheld Massachusetts District Judge Leo Sorokin's decision in U.S. v. American Airlines on Friday. The case revolved around a September 2021 complaint from the Department of Justice (DOJ) against the Northeast Alliance (NEA) between American Airlines and Jet Blue. The complaint alleged that the NEA, which took effect in February 2021, violated Section 1 of the Sherman Act by "effectively merging their operations in Boston and New York City and eliminating competition." Though interpretations of the Sherman Act are contentious, consideration of consumers in an antitrust case should not be. Under President Joe Biden's antitrust regime, undue consideration has been
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News
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- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- American Airlines Group Inc. (NASDAQ: AAL) was upgraded by analysts at Raymond James from a "market perform" rating to an "outperform" rating. They now have a $24.00 price target on the stock.MarketBeat
AAL
Earnings
- 10/24/24 - Beat
AAL
Sec Filings
- 12/30/24 - Form 4
- 12/27/24 - Form 144
- 12/23/24 - Form 8-K
- AAL's page on the SEC website