Mar 24, 2015
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CNBC
Verified
Just over two years ago, one of the nation's airline trade organizations called the industry "hypercompetitive" and declared "airfare remains a bargain." At the time, the Justice Department was weighing the competitive implications of a merger between American Airlines and US Airways, around two years after the merger of United and Continental. Far from "hypercompetitive," the airline industry is increasingly looking like an uncompetitive oligopoly.