The Presidential Daily Brief

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  1. A private plane sits on the tarmac.

    Justice Dept. Looks Into Airline Price Fixing

    They’re just plane suspicious. The feds have confirmed they’re investigating whether U.S. airlines have been colluding to keep fares artificially high by limiting routes and seat availability. After a series of high-profile mergers, there are few airlines left in the market, and those that remain have enjoyed rising fares, despite plunging fuel costs, normally a prime driver of ticket prices. A few airlines admit they’ve been approached about the probe — news of which made their shares dive — as speculation takes off over further legal action and possible fines.

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