When the bureau conducts its investigations, we look at a particular transaction or a particular merger. We don't tend to look at industries as a whole, but in the context of looking at a particular arrangement, we would look at the competition on specific origin-destination city pairs. We would be looking at the pricing on that specific route to assess whether the transaction was likely to substantially lessen or prevent competition on that route, so whether the prices on that route would be increased or consumer choice would be decreased as a result of the proposed arrangement.
On September 14th, 2017. See this statement in context.