This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

American Airlines Loses to Low-Cost Carriers in Colombia

In taking seven weekly frequencies from American, the department said the value of additional Miami routes, which American had planned, is "outweighed by the benefits of new competition in the market and expanded service options in the overall U.S.-Colombia market."

American originally sought a court review in January because of a continuing dispute with the department that began when Spirit and Delta asked last year that some of its routes -- unused at the time -- be reallocated. Then Barranquilla, American's intended market, was designated for open skies, meaning route authorities were no longer required to serve it.

As for Charlotte, the department argued the city has less local traffic to Bogota than any other market proposed in the case, and said one-stop service available through Charlotte largely duplicates existing one-stop service on other carriers, even though "we certainly recognize that US Airways' proposal would produce some of the public benefits typically associated with new entry."

In its application, US Airways said the burgeoning Charlotte hub could definitely support Bogota service and noted that, in the past, the department has not viewed local market size "as the only, or the most important, factor in carrier selection proceedings."

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
LCC $0.00 0.00%
DAL $46.45 0.00%
JBLU $19.71 0.00%
AAPL $132.65 0.00%
FB $81.91 0.00%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs