Orbitz Seen Costing Consumer Big Time, Harming Low-Fare Carriers
Apr 02 2001 (Airline Financial News/Phillips Publishing via COMTEX) -- Orbitz, a joint hazard between the five largest U airlines to barter tickets over the Internet, would charge consumers $3.2 billion in higher airfares, according to a March 28 report by means of a professor of economics at the Massachusetts Institute of Technology (MIT).
It says that Orbitz is likely to harm low-fare carriers of the like kind as Southwest Airlines [LUV] Frontier Airlines [FRNT] Spirit Airlines, American Trans Air, Vanguard Airlines
