Who really owns the skies? A thought on mutual funds and airline competition

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Ever so slightly off the freight topic, but this is a fascinating short piece in The Economist on airline competition. It notes that rival airlines with shareholders in common, for example a mutual fund, might be discouraged from normal market measures like a price war to lure customers from one airline to another. The shared ownership is, in essence, anti-competitive. And the study that highlighted this issue, discovered that routes run by airlines with shared ownership had higher prices ? ...