ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

AAL American Airlines Group Inc

13.83
-0.03 (-0.22%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
American Airlines Group Inc NASDAQ:AAL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.03 -0.22% 13.83 13.81 13.84 14.07 13.72 14.00 22,056,625 01:00:00

Jury Finds That Sabre Violated Antitrust Law in Contract With US Airways

20/12/2016 10:16pm

GlobeNewswire Inc.


American Airlines (NASDAQ:AAL)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more American Airlines Charts.

A federal jury in the Southern District of New York on Tuesday found that global distribution system Sabre violated the Sherman Antitrust Act in a 2011 contract with US Airways.

American Airlines, which merged with US Airways in 2013, issued the following statement:

“We are very pleased with the jury’s decision and greatly appreciate the time and effort they expended during the course of this eight-week trial. We have long contended that the contractual provisions at issue – provisions that Sabre has made a condition to participate in its global distribution system – have reinforced Sabre’s market power, stymied competition, and harmed us and the travelers we serve. Now that the jury has agreed with us, we hope to see changes in the way our services are sold, and we expect technology and innovation will create even better and more transparent ways for us to distribute our products.”

The jury awarded $5.1 million, which by law will be trebled. The company will also be awarded its reasonable costs and attorneys’ fees.

The verdict was the result of a lawsuit filed by US Airways in 2011 and focused on the US Airways contract with Sabre that expired in 2011. American settled a separate lawsuit against Sabre in 2012.

About American Airlines GroupAmerican Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. American is a founding member of the oneworld® alliance, whose members serve more than 1,000 destinations with about 14,250 daily flights to over 150 countries. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL. In 2015, its stock joined the S&P 500 index. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.

Corporate Communications
817-967-1577
mediarelations@aa.com 

1 Year American Airlines Chart

1 Year American Airlines Chart

1 Month American Airlines Chart

1 Month American Airlines Chart

Your Recent History

Delayed Upgrade Clock