Loading...
Loading...
American Airlines
AMR has filed a civil antitrust lawsuit against Travelport, LLC, and Orbitz Worldwide
OWW to stop exclusionary and anticompetitive business practices of the defendants and recover monetary damages that American has incurred as a result of these harmful actions.
The lawsuit states that Travelport, which effectively controls the distribution of fares and other content to a large number of travel agencies and their corporate customers, has engaged in anticompetitive conduct to protect its market position from new competition by alternative technologies that are both less expensive and more capable.
The suit, filed in the United States District Court for the Northern District of Texas, also claims that illegal actions of Travelport and Orbitz have harmed consumers by suppressing innovation that would be beneficial to airline passengers. In addition to requesting injunctive relief from the defendants' actions, American is seeking recovery of monetary damages.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in