US: American Airlines Got $425M For Landing Rights
DALLAS (AP) — American Airlines is getting more than $425 million from selling takeoff and landing slots at New York’s LaGuardia Airport and Reagan National Airport outside Washington.
That price was disclosed Monday in comments filed in federal court in Washington by the U.S. Department of Justice.
The department says the value of those slots shows that it drove a hard bargain last year when it settled its antitrust lawsuit against the merger of American and US Airways. The airlines agreed to give up slots at LaGuardia and Reagan and gates at five other big airports.
The Justice Department filed its response to public comments on the settlement. Consumer groups, lawmakers, the Detroit airport and Delta Air Lines lodged complaints about the settlement.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Texas Senate Approves Open Carry Of Handguns
- Texas House Passes Biker Safety Bill Days After Shooting
- Too Many Bikers, Not Enough Lawyers
- No Boats Allowed On Lake Worth
- Group That Organized Biker Meeting Gets City Proclamation
- Texas City Working To Turn Sewer Water Into Tap Water
- Plano Man Killed After Reentering Burning Home To Retrieve Phone
- Allen ISD’s $60 Million Football Stadium Closed For Months
- Spring One Day, Thundersleet The Next
- North Texas Man “Crowdfunds” $90,000 Birthday Party
- PHOTOS: Your Pet Pictures