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No antitrust probe for Lufthansa over fares after Air Berlin collapse

Reuters
FILE PHOTO: Flags with the German airline Lufthansa sign flutter next to the office building in Frankfurt, Germany March 15, 2018. REUTERS/Ralph Orlowski/File Photo

BERLIN (Reuters) - Lufthansa (:LHAG.DE) will not be investigated for market abuse over rising ticket prices following the collapse of local rival Air Berlin (XETRA:AB1.DE - News), the German cartel office said on Tuesday.

The watchdog had received complaints over high ticket prices and had been looking into the matter with a view to decide whether to instigate a full investigation.

Air Berlin collapsed in October last year, leaving Lufthansa with a monopoly on some German domestic routes for a few months.

The cartel office said that Lufthansa tickets were on average 25-30 percent more expensive after the insolvency but fell again after easyJet (LSE:EZJ.L - News) entered the market following the acquisition of parts of Air Berlin.

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"The price increase is significant, but does not justify the instigation of market abuse proceedings," cartel office president Andreas Mundt said in a statement.

A Lufthansa spokesman said the company acknowledged the decision, declining to comment further.

(Reporting by Victoria Bryan; Editing by Christoph Steitz)