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Why the Justice Department blocked the American-US Airways merger
The Washington Post: For the last decade, the government has given the green light to a series of airline mergers for one basic reason: the industry had fallen into a pattern of ruinous competition. So many airlines were competing for passengers and market share that none of the old-line carriers could make any money. The only realistic choice for such “legacy” carriers was either to merge or go through another bankruptcy reorganization.
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