Emerging Airline Monopolies Make Air Travel More Expensive In The US
There is a stunning lack of choice today for American consumers, and nowhere is that more evident than our nations ever-shrinking airline industry. In the first half of 2014, the average round-trip ticket to anywhere in the U.S. was over $509.15 including taxes. That is up over $14 from the same period in 2013.
Airfares in general have gone up 10.7 percent in the past five years, even after adjusting for inflation. So what is behind these ever-increasing airfares in the United States? Well, it may have something to do with the stunning lack of competition which is now the reality of the U.S. airline market in the mid 2010’s.
Back in 2001 (before 9/11) there were ten major airlines flying through America’s skies. Slowly but surely, buyouts, mergers, and acquisitions eroded the number of airlines in operation across the nation. Most recently with the 2013 merger of U.S. Airways and American Airlines, there are now emerging airline monopolies. Only four major carriers remain in the country today.