Airline Competition and Passenger Rights Act of 2001

[AI summary unavailable — showing source text] Airline Competition and Passenger Rights Act of 2001 - Amends Federal aviation law to require the Secretary of Transportation to consider whether a foreign air carrier has engaged in any unfair or deceptive practice or unfair method of competition in air transportation or the sale of air transportation in the preceding five years before issuing a certificate authorizing such carrier to provide foreign air transportation. Revises provisions prohibiting an air carrier, foreign air carrier, or ticket agent from engaging in unfair or deceptive practices or unfair methods of competition in air transportation or the sale of air transportation. Extends such prohibition to any major air carrier that prohibits, limits, or otherwise restricts a code share partner from entering into a code share agreement with another air carrier or foreign air carrier. Prescribes a maximum civil penalty for engaging in unfair methods of competition. Authorizes an air carrier to transfer a slot (take-off and landing rights at an airport) to another air carrier only upon approval of the Secretary. Directs the Secretary to investigate each hub airport (that has at least .25 percent of the total annual boardings…