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High fares: US airline industry becoming an uncompetitive oligopoly

Mr Schumer says the fact that airfares are still at 30,000 feet and climbing, despite the stable gas prices and rising airline industry profits, is extremely troubling.

New York

JUST more than two years ago, one of the nation's airline trade organisations 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