The New York Times – Travel:
A trade group for the airlines is seeking $2.5 billion to help offset the big jump in jet fuel costs since the start of U.S.-Israeli attacks against Iran.
Category: Mergers, Acquisitions and Divestitures
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United Airlines Says It Pitched American on Merger but Was Rebuffed
The New York Times – Travel:
United’s chief acknowledged for the first time that he had broached the idea of a merger with American, which was unwilling to consider it.
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Why Everyone, Including Trump, Is Talking About Airline Mergers
The New York Times – Travel:
A few carriers are making a lot of money while many are struggling. President Trump and industry executives seem to think mergers may be the answer.
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American Airlines Says It Won’t Merge With United
The New York Times – Travel:
American issued the statement after news reports that United Airlines’ chief executive had discussed the idea with the Trump administration.
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5 Takeaways From the Live Nation Antitrust Trial
The New York Times – Music:
A jury found that the concert giant operated as a monopoly, a verdict that could have major reverberations in the music industry.
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Jury Finds Live Nation Acts as a Monopoly in a Victory for States
The New York Times – Music:
The music industry colossus that includes Ticketmaster was found to have violated antitrust laws by using its dominance in the industry to stifle competition.
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‘We Are Fierce Competitors’: Live Nation Case Reaches Closing Arguments
The New York Times – Music:
Thirty-four states accused the concert giant of suffocating competition and driving up ticket prices. The company denies being anything but big.
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Live Nation Antitrust Case Resumes With Testimony About Springsteen Fees
The New York Times – Music:
After the Justice Department announced a deal with the concert giant, the trial picked up after a week’s break, with a coalition of states leading the way.
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Live Nation Slacks Reveal Employees Joking About ‘Stupid’ Fans
The New York Times – Music:
A series of private exchanges in the messaging system Slack were revealed as exhibits in the Justice Department’s antitrust lawsuit against the concert giant.