Airline industry

Oligopoly

Why is the airline industry an oligopoly ?

The United States airline is an oligopoly because there's a barrier to entry for new companies is substantial. Only a handful of companies that complete in the industry. They have pricing power as well. But they can't set prices whenever they want. They have to agree with everyone as well
Oligopoly-Airlines

Advantages

.The largest airlines are delta , United , southwest

.70% of industry revenues