New challenge for American-US Airways airline merger
American Airlines and US Airways say the government has reached the wrong conclusions about the planned merger of the two airlines.
The Justice Department, joined by a half dozen states, filed a lawsuit today to block the merger — saying it would bring “substantial harm” to consumers by leading to higher fares and fees. The airlines say they will use “all legal options” to fight back .
Money 101 host Bob McCormick talks about this with airline consultant Mike Boyd of Boyd Group International.