Democrats say Spirit-Frontier merger could boost airfares

FLE - A line of Spirit Airlines jets sit on the tarmac at the Orlando International Airport on May 20, 2020, in Orlando, Fla. Several congressional Democrats are warning that the proposed combination of Frontier Airlines and Spirit Airlines would reduce competition among low-cost carriers and drive up fares during a time of inflation.

Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, D-Vt., along with Rep. Alexandria Ocasio-Cortez, D-N.Y., and five others urged Transportation Secretary Pete Buttigieg and the head of the Justice Department’s antitrust division to review the merger closely for potential violations of antitrust law, and consider acting to stop it.The Biden administration has signaled that it will scrutinize mergers more closely to promote competition.

They say their deal would help consumers by creating a more powerful low-cost competitor to American, Delta, United and Southwest, which together control about 80% of the U.S. air-travel market.

Of course it will. Just like when all the other airline mergers occurred. It means one less airline to choose from. Supply and demand principles.

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Democrats say Spirit-Frontier merger could boost airfaresSeveral congressional Democrats are raising doubts about the proposed merger of Frontier and Spirit airlines.
La source: ksatnews - 🏆 442. / 53 Lire la suite »

Democrats say Spirit-Frontier merger could boost airfaresSeveral congressional Democrats are warning that the proposed combination of Frontier Airlines and Spirit Airlines would reduce competition among low-cost carriers and drive up fares during a time of inflation. Obviously congressional Dems haven't flown Spirit before. Let it happen.
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Democrats say Spirit-Frontier merger could boost airfaresCongressional Democrats are warning that the proposed merger of Frontier Airlines and Spirit Airlines would reduce competition among low-cost carriers and drive up fares. The lawmakers said previous mergers have hurt consumers and workers. Imagine all the World Star content we’d get! CODE: That means it's cutting their flight options. This merger won't hurt anyone frontier has market presence in west coast, spirit in East coast. This will give their customers more choices.
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Democrats say Spirit-Frontier merger could boost airfaresSeveral congressional Democrats are raising doubts about the proposed merger of Frontier and Spirit airlines.
La source: ksatnews - 🏆 442. / 53 Lire la suite »