From Abbott’s oped:
“The legal action is based on evidence such as internal emails, investor presentations and other comments by top executives of the airlines. Those documents reveal their thinking about how shrinking competition in the airline industry — and, hence the merger — will allow the airlines to pile even more bag fees, ticket change fees and increased fares on customers. American and US Airways compete directly on thousands of heavily traveled routes. The merger would allow the new company to shed that competition and distort the marketplace — while harming competition for nearly 200 Texas routes.”
From the DOJ:
“In recent years, however, the major airlines have, in tandem, raised fares, imposed new and higher fees, and reduced service. Competition has diminished and consumers have paid a heavy price.”
Both party’s reasoning are nearly exact.
Shouldn’t he let the market decide prices and competition rather than government? Aren’t mergers a part of the free market process which conservatives should support?
“Aren’t mergers a part of the free market process which conservatives should support?”
Not in this case and others that affect the entire population. It’s a legal thing - mergers that affect transportation which is used everyday by millions upon millions across the country, are subject to approval.
A merger in transportation that would limit Texans from traveling is Abbott’s business. All those states that are opposing this merger, is for that reason.
You are not informed enough to postulate here. I think it’s time for a Reagan quote that fits you, “Aww, shut up.”