“The new American Airlines resulting from the deal would boast revenues of close to $40 billion and offer nearly 7,000 flights per day. Interested observers should ask what makes such mergers possible and whether they are the results of legitimate, free market competition, or something else entirely. Airlines epitomize a system of big business cartelization that grows up out of huge cost barriers to potential market challengers created by legal and regulatory requirements. Contrary to the rhetoric of ‘unbridled’ markets, airlines are among the corporations most entangled in federal regulatory structures — and that’s just the way they like it.”
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