New Airneth column by Hubert Horan

According to Hubert Horan, last decade's airline consolidation has led to anti-competitive market power, which is costing the North Atlantic consumer more than $5 billion a year. 15.02.11 Especially the North Atlantic market is the exclusive focus of the “industry consolidation” movement. Competitive entry is almost impossible and the three immunized alliances have any incentive to engage in serious price competition. Though according to Horan, some mergers can be benign and even pro-competitive, this is clearly not the case for the consolidation since 2004. Consolidation and anti-competitive market power All Airneth columns