Airlines Are Working Together To Rip You Off

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Published on 6 Jan 2019, 19:00
American Airlines is agreed to pay $45 million dollars to settle an antitrust case that accused them of working with other airlines to drive up prices for consumers. Ring of Fire's Mike Papantonio and Farron Cousins discusses this issue.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

American Airlines is agreed to pay $45 million dollars to settle an antitrust case that accused them of working with other airlines to drive up prices for consumers. No surprise here. The idea of deregulation has this going on every day. The latest is they want to see how they can pack in more people into one and you know, into an air airplane, make it as uncomfortable while they're raising prices. The other thing you see is that when you're on the phone with them and you're saying, or you're online and you're saying, I want to buy a ticket from here to San Francisco, and if you wait five minutes, that goes up $200. What they're doing is they're seeing that you're online wanting to buy that ticket. You understand what I'm saying? Now the words they they see, okay, we see activity and because of that activity went to raise prices and it literally sometimes as you're going to buy the ticket itself and as you're trying to buy the ticket, the price is jumping up because it is, as you might imagine, a deregulation scam.

So now they're caught. You know, now they're caught, but there's nothing going to change that they're making more money than they've ever made in this business because of deregulation. That means deregulation in America is do what ever you want to to consumers because they can't sue you because of arbitration. You'd have to go one at a time. I want my $200 back. I want my $300 back in to do that for an arbitration, you're going to spend about $10,000 to get your $200 back. So isn't that where we are right now with the airline deregulation? It really is. And when you look at this suit, because it's both an antitrust and a, you know, kind of collusion to, to raise the prices. It's because there are so few airlines left in this country that once they get together and start saying, okay, you know, we're going to eliminate this flight, which is kind of what this law says.

We're going to eliminate this flight from Houston to Phoenix. Not gonna have that. So that's going to be an exclusive Delta thing. Delta can then jack up the prices on that. And then Delta in exchange was and say we're not going to do this when, so there are so few that it became one airline basically is what this lawsuit alleges. And now American Airlines says they're cooperating with the investigators and they're going to start turning over the dirt on what Delta and United did as well. And Southwest airlines had already settled their part of this because they were involved too. I think they were $28 million and then American is 45 pennies compared to what they have $28 million and $45 million is cost of doing business. Okay. That's no hit to them at all. But what's important about these lawsuits is your once discovery takes place, once you get into the files, once you have, especially private lawyers.

I mean if you're counting on the government lawyers to solve this problem, forget it. If your counting on the Department of Justice to go in there and solve it, it'll never happen. But once you have private industry getting involved, private lawyers saying, you know, this is pretty good class action. I think we can do something with this. Once you get there, that's when you start seeing all of the dirty laundry coming out. That's they start taking depositions and then they find out about this scam and then that scam. And then the next scam. There are so many of these stories coming out about airlines right now. I, it's just almost, it's almost a monthly. There's some new thing and, and really the latest thing is, and I, I got to do this just for the fun of it, just to see what I'm talking about. Go online and say I want to buy a ticket between Florida and San Francisco.
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