Printer Friendly

AMERICAN AIRLINES HIT WITH ANTITRUST SUIT

 AMERICAN AIRLINES HIT WITH ANTITRUST SUIT
 HOUSTON, June 9 /PRNewswire/ -- Continental Airlines today charged


American Airlines with violation of federal antitrust laws in a lawsuit alleging that the nation's largest airline engaged in predatory acts with the direct intention of eliminating competition from the air transportation industry.
 The complaint, filed in the U.S. District Court for the Southern District of Texas (Galveston Division), states that under American's new fare structure American will not be able to make a profit until one or more of its competitors is driven from the market.
 The complaint states that the predatory nature of American's conduct is revealed by its public statements over the last year. American has frequently complained that airline fares are too low and that this was due to the alleged fare cutting actions of various airlines operating under Chapter 11 protection. American's CEO Robert Crandall has often demanded that the Department of Transportation revoke the operating certificates of these airlines. When the department refused, the suit alleges, American Airlines took matters into its own hands by adopting a fare structure designed to put its competitors out of business.
 The suit seeks treble damages and injunctive relief. A spokesman for Continental stated that the lawsuit was filed at this time because attorneys for the company had concluded that the lawsuit has substantial merit and management wanted to begin the lengthy process of preparing the case for trial.
 -0- 6/9/92
 /CONTACT: Continental Airlines Corporate Communications 713-834-5080/ CO: Continental Airlines ST: Texas IN: AIR SU:


LR -- NY071 -- 8598 06/09/92 18:16 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 9, 1992
Words:263
Previous Article:IBM NAMED OFFICIAL COMPUTER OF USA BASKETBALL
Next Article:TASEKO MINES LTD. ANNOUNCES DEPOSIT WIDTH DOUBLES, DRILLING CONTINUES AT FISH LAKE
Topics:


Related Articles
AIRLINE DEFENDANTS SETTLE ANTITRUST CLASS ACTION CLAIMS
UNITED AND OTHER AIRLINE DEFENDANTS SETTLE ANTITRUST CLASS ACTION CLAIMS
CONSUMERS TO RECEIVE AIRLINE ANTITRUST CLAIM FORMS
/REPEATING FOR POINTS NOT RECEIVED/
SUIT AGAINST ALASKA AIRLINES DISMISSED
USAIR SAYS BRITISH AIRWAYS-AMERICAN AIRLINES ALLIANCE VIOLATES CONTRACT, COMPETITION LAWS
Laker Airways Suit Against British Airways Brings Florida Attorney General Action
Antitrust Suit Against American Airlines Dismissed.
Supreme Court refuses to consider airline case after late appeal filing.
US law firm files suit against Korean Air Lines.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters