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US Justice Department Backs End to Delta, Aeromexico Venture
(Bloomberg) -- Delta Air Lines Inc. and Grupo Aeromexico should lose antitrust protection that allows the carriers to plan and price flights jointly, the US Justice Department said in a filing on Monday. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms A New Stage for the Theater That Gave America Shakespeare in the Park The agency cited evidence it says suggests that restrictive and possibly discriminatory policies by the government of Mexico have limited competition. The federal agency supported a tentative recommendation from the US Transportation Department that President Donald Trump's administration should revoke antitrust protection for the long-standing alliance, according to the comments dated Aug. 8 and filed on Monday. The DOT warning was made last month under a new set of orders demanding Mexico act to address anticompetitive behavior. Practices by Mexico's government 'have limited entry and expansion by certain carriers' at Benito Juarez International Airport 'and thereby undermined competitive conditions in Mexico, thwarting open market access on routes between Mexico and the United States,' the Justice Department said. The alliance 'fosters enhanced competition' with other US and Mexican carriers, Delta and Aeromexico said in a filing Monday. The venture holds 20% of the US-Mexico market measured by seat share. American Airlines Group Inc. has 21%, United Airlines Holdings Inc., 16% and Volaris, 16%. It is also an economic boon, they said, generating 4,000 US jobs, more than $310 million of economic benefit and more than $200 million in annual tourism spending in the US. Ending the venture's antitrust immunity 'would punish a US company and US consumers, not the GOM,' or government of Mexico, the two airlines said. 'Other, superior measures are available to remedy the situation with the GOM without harming the US economy; the Department should pursue those alternatives instead.' The initial approval of antitrust immunity for the airlines was conditioned on the creation of a 'liberalized' bilateral air service agreement between the US and Mexico which would have fostered open competition on routes between the two countries, the DOJ said. The airline alliance no longer 'serves the public interest,' the US said on July 19. The Transportation Department alleges that Mexico has been acting outside of a 2015 agreement since 2022, taking slots away from US carriers at Mexico City's Benito Juarez airport and restricting air cargo flights there. The move was part of Mexican efforts to drive cargo traffic to the newly built airport outside Mexico City. Mexican airlines will now be required to file schedules with US authorities and seek approval for large charter flights, under an order issued by Transportation Secretary Sean Duffy last month. Delta and Aeromexico could still maintain their partnership through arms-length activities, he said at the time. The US is also looking into agreements between US and European carriers, he said. Mexico's infrastructure, communications and transport ministry didn't immediately respond to a request for comment. Atlanta, Georgia-based Delta warned last month that an end to the partnership 'would cause significant harm to consumers traveling between the US and Mexico, as well as US jobs, communities, and transborder competition.' --With assistance from Amy Stillman. (Updates with airline comment in eighth paragraph.) Why It's Actually a Good Time to Buy a House, According to a Zillow Economist The Social Media Trend Machine Is Spitting Out Weirder and Weirder Results Klarna Cashed In on 'Buy Now, Pay Later.' Now It Wants to Be a Bank The Game Starts at 8. The Robbery Starts at 8:01 It's Only a Matter of Time Until Americans Pay for Trump's Tariffs ©2025 Bloomberg L.P.
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Trump nominates conservative economist to head agency that compiles jobs, inflation data
WASHINGTON (AP) — President Donald Trump said Monday that he has nominated E.J. Antoni, chief economist at the conservative Heritage Foundation, to head the agency that compiles and publishes the nation's employment and inflation figures. 'Our Economy is booming, and E.J. will ensure that the Numbers released are HONEST and ACCURATE,' Trump said on social media late Monday. Antoni, if approved by the Senate, would replace Erika McEntarfer, who was appointed commissioner of the Bureau of Labor Statistics by former President Joe Biden. Trump fired McEntarfer Aug. 1 after the July jobs report showed hiring slowed sharply this spring, with job gains in May and June revised much lower than initially estimated. Trump accused McEntarfer, without evidence, of rigging the jobs data for political reasons. The announcement comes one day before the BLS is scheduled to release the latest inflation data, for July. It is forecast to show that consumer prices rose for the third straight month as tariffs are pushing up the cost of many imported goods. ___ Associated Press writer Josh Boak contributed to this report. Christopher Rugaber, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Trump selects Heritage Foundation's Antoni to head Bureau of Labor Statistics
WASHINGTON (Reuters) -U.S. President Donald Trump on Monday said he was nominating economist E.J. Antoni as the new Bureau of Labor Statistics commissioner, ten days after firing the statistics agency's previous leader after a weak scorecard of the U.S. job market, accusing her without evidence of manipulating the figures. Antoni is currently the chief economist at the influential U.S. conservative think tank Heritage Foundation. "Our Economy is booming, and E.J. will ensure that the Numbers released are HONEST and ACCURATE," Trump said on Truth Social. Antoni, who must be confirmed by the Senate, takes over an agency that had a staff of 2,300 as of September 2024 and that has come under heightened scrutiny for the eroding quality of the data it produces. Its monthly figures about the state of the U.S. job market and inflation are consumed by a global audience of economists, investors, business leaders, public policymakers and consumers, and their release routinely has a visible and real-time effect on stock, bond and currency markets around the world. Trump added to growing concerns about the reliability of BLS and other federal government economic data when he fired Erika McEntarfer as BLS commissioner on August 1. Her dismissal came hours after the agency reported much weaker-than-expected U.S. job growth for July and issued an historically large revision to its employment figures for May and June, reducing the estimated number of jobs created in the two months by nearly 260,000. In announcing her firing, Trump accused McEntarfer - appointed to the role by former President Joe Biden - of manipulating the employment data for political purposes. There is no evidence of that being true. He promised he would replace her "with someone much more competent and qualified." Antoni, who holds a doctoral degree in economics, was previously an economist at the Texas Public Policy Foundation and has taught courses on labor economics, money and banking, according to the Heritage Foundation. He must now address the difficulties BLS has had with declining survey response rates and with data collection problems in other critical statistical series, such as for inflation. The nonfarm payrolls report provides a monthly snapshot of the U.S. job market, offering scores of figures including how many jobs were created, what the unemployment rate was, how many people joined or left the labor force and what workers earn per hour and how many hours they work in a week. Its headline estimates for job creation are revised twice after their initial release to account for the submission of additional survey responses from employers and updates to the seasonal factors that underly the statistics. They are also subject to an annual benchmark revision process. The monthly Consumer Price Index and Producer Price Index together historically have provided a comprehensive picture of U.S. inflation, including hundreds of data points depicting the changes in cost for everything from eggs to auto insurance, figures relied upon heavily by policymakers like those at the Federal Reserve. CPI is used to set the annual cost-of-living-adjustment for retirees receiving Social Security payments. Earlier this year, though, BLS said a staffing shortage was forcing it to reduce the CPI index collection sample after closing operations in Buffalo, New York; Lincoln, Nebraska; and Provo, Utah. The percentage of prices that are imputed rather than gathered has more than tripled this year to 35%. Starting this month, BLS is ending the calculation and publication of about 350 components of PPI, a key measure of inflation at the wholesale level. BLS, like other government agencies, has faced a hiring freeze imposed by Trump on his return to the White House in January and likely will see a wave of departures at the end of the summer as staff who opted into a deferred resignation program formally leave government employment. A Reuters poll last month of 100 economists and policy experts found the vast majority had at least some concern about the eroding quality of U.S. economic statistics. "I can't help but worry some deadlines are going to be missed and undetected biases or other errors are going to start creeping into some of these reports just because of the reduction in staff," Erica Groshen, who served as BLS commissioner from 2013 to 2017 during President Barack Obama's second term and the first months of Trump's first term, told Reuters as part of the poll. Keith Hall, appointed BLS commissioner by President George W. Bush in 2008, told Reuters in a recent interview the agency has seen little to no budget growth for a decade, even as the costs for data collection have risen. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
