Originally Posted by
dunlaf05
I like your point and wish the same thing would happen.....but they CAN'T legally (agree to raise prices) do that due to the Railway Labor Act if I'm not mistaken.
Actually, there are Antitrust laws against colluding to fix prices.
Price fixing is an agreement between participants on the same side in a market to buy or sell the same product or service, or commodity only at a fixed price or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.
In the United States, price fixing can be prosecuted as a criminal federal offense under section 1 of the Sherman Antitrust Act.