Airline stocks tank on DOJ investigation report

July 1, 2015 7:07 PM

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Airline stocks are tanking Wednesday afternoon after a report surfaced that the Department of Justice has begun a probe of its revenue management practices.

The Department of Justice said it is investigating “possible unlawful coordination” among some airlines. The Associated Press, citing internal documents, says the collusion among major airlines involved limited available seats to keep airfares high.

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