READING LIST

Aviation

How Airline Alliances Convinced Regulators That Collusion Reduces Prices

The Department of Transportation granted antitrust immunity to Atlantic alliances that reduced competition on the basis of a single paper written by a United Airlines consultant that argued market concentration only has a positive impact on consumers....

How Alliances Carriers Established a Permanent Cartel

American carriers faced the post 9/11 demand shock, while the European intercontinental flag carriers were facing increased competition in the Middle East and Asia. The consolidation movement was a reaction to these short-term problems. Part three of...

The Airline Industry’s Post-2004 Consolidation Reversed 30 Years of Successful Pro-Consumer Policies

A small number of intercontinental carriers recaptured control of industry oversight in Washington and Brussels to convert the world’s most important markets from robust competition to a permanent oligopoly of Too-Big-To-Fail airlines. Part 2 of 4. ...

Why Consolidation Undermined the Airline Industry’s Ability to Recover from the Coronavirus Crisis

A major factor contributing to the industry’s struggles during the current crisis was the loss of resiliency due to the consolidation of the airlines serving the intercontinental market. Part 1 of 4.