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Speaker: Airline consolidation has reduced competition, cites DOJ blockage of JetBlue–Spirit deal and Spirit bankruptcy
Summary
An unnamed speaker said recent consolidation in the U.S. airline industry has reduced competition and left passengers with fewer carriers and route options.
An unnamed speaker said recent consolidation in the U.S. airline industry has reduced competition and left passengers with fewer carriers and route options. The speaker cited the Department of Justice's decision to block the proposed JetBlue–Spirit merger and said Spirit later filed for bankruptcy.
The speaker said the U.S. market is now dominated by four major carriers'American, Delta, United and Southwest'that together control "over 80% of U.S. domestic air travel." The speaker described how legacy carriers use a hub-and-spoke model that produces dominant positions at some airports, saying a single carrier can handle roughly 70'80%…
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