What is that called…..collusion??

Over at the Huffingtonpost there is an article on even more possible airline fees that may be forced onto passengers.  But this parargraph made me take notice,

Ideas for fees don’t come out of thin air. Last month in Miami most of the big U.S. carriers and many overseas airlines attended a conference devoted to a-la-carte pricing and fees. (Motto, next to a cartoon of an airliner: “Discovering the flying store.”)

So does that sound like this definition of collusion from wiki?

In the study of economics and market competition, collusion takes place within an industry when rival companies cooperate for their mutual benefit

And this is what we have from the US Department of Justice,

The competitive process only works, however, when competitors set prices honestly and independently. When competitors collude, prices are inflated and the customer is cheated. Price fixing, bid rigging, and other forms of collusion are illegal and are subject to criminal prosecution by the Antitrust Division of the United States Department of Justice.

So I think they need to examine this “meeting” for possible collusion.

-Josh

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