NEW YORK (CBSNewYork/AP) — American Airlines has agreed to pay $45 million to settle a lawsuit that says it and other major U.S. airlines colluded to drive up the price of airfares.
In settling the case, American denied any wrongdoing. The company, in a statement, said fighting the case in court would be costly.
Earlier this year, Southwest Airlines also reached a settlement in the case, agreeing to pay $15 million. Southwest also denied any wrongdoing.
The lawsuit alleges that major U.S. airlines colluded to limit capacity in order to increase ticket prices.
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