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A Southwest 737-800 approaches Dallas Love Field. (Photo: AirlineGeeks | Parker Davis)

Southwest Airlines Agrees to Pay $15 Million to Settle Collusion Lawsuit

Dallas-based Southwest Airlines has agreed to pay $15 million to settle a lawsuit accusing the airline, along with major carriers American Airlines, Delta Air Lines and United Airlines of collusion and conspiring to raise fares by reducing seating capacity on their flights. In simple terms, collusion is basically an agreement between two or more parties, airlines in this case, to limit open competition by misleading others and by doing so, gaining an unfair market advantage. By limiting available seats, the…