American Subpoenaed in Inquiry of Cargo Prices
The U.S. Department of Justice has subpoenaed American Airlines in conjunction with an investigation into pricing practices in the air-cargo industry, airline officials said Tuesday.
The subpoena was served by the department's antitrust division, spokesman Tim Wagner said. It came amid a European Union probe into possible anti-competitive practices within the European air-cargo industry.
"American has not been notified that it is a target of the investigation," he said. "Unlike some other airlines, [American] has not received a search warrant."
He added that the Fort Worth-based airline "intends to cooperate fully with the [department's] investigation."
On Tuesday, investigators with the EU raided the offices of British Airways, Air France-KLM and Lufthansa, according to a Bloomberg News report.
Officials with United Airlines confirmed that they are also cooperating with investigators.
American and most other airlines have implemented fuel surcharges on cargo operations during the past year to help offset the rising cost of jet fuel.
American's cargo operations brought in about $622 million last year, down slightly from $625 million the previous year.
Shares of AMR Corp. (ticker: AMR), American's parent company, rose 93 cents, or about 4 percent, to close at $24.96 in trading Tuesday.
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