US sues to block JetBlue from buying Spirit Airlines in $3.8B merger

Jet Blue pilots will get 21.5% raises over the next year and a half as part of a two-year contract extension.of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers.

"If allowed to proceed, this merger will limit choices and drive up ticket prices for passengers across the country" and "eliminate Spirit's unique and disruptive role in the industry," he said. New York, Massachusetts and the District of Columbia joined the lawsuit. JetBlue and Spirit vowed to continue fighting to salvage their agreement.

The lawsuit is the latest by the Biden administration to seek to block mergers in industries including video gaming, publishing and sugar refining. JetBlue and Spirit together would control a little over 9% of the domestic air-travel market, far smaller than American, Delta, United and Southwest. JetBlue executives repeatedly said their deal was not like Pepsi buying Coca-Cola — a line that Hayes repeated Tuesday.

i don’t know of a single person that flies either of these airlines, not sure how combing them would create any lack of competition when they weren’t in the discussion to begin with

The Government suing anyone for driving up prices is absolutely hypocritical.

Sure doesnt care about everything else being driven up..

A good airline buying a bad airline is always a good thing…

It's like salishan buying spanaway.

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WSJ News Exclusive | JetBlue, Spirit Brace for Justice Department Lawsuit to Block Airlines’ MergerJetBlue's CEO said he expects the Justice Department will try to block its planned takeover of Spirit in the coming days Come on this is david stern blocking cp3 to the lakers all over again AndrewTangel nice article. Has the breakup not been paid already?
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »

Justice Department sues to block JetBlue’s acquisition of Spirit AirlinesJetBlue's takeover of Spirit would create the fifth-largest airline in the country and also eliminate Spirit. why block it. One bad airline purchasing another bad one. Maybe they can create a mediocre one. LOL!
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Justice Department files suit to block JetBlue merger with Spirit AirlinesBREAKING: Justice Department files lawsuit to stop the proposed merger between JetBlue and Spirit Airlines. More Biden government nonsense. this seems like government overreach, they would only have like 8% of the total market, there's no need for this waste of tax payers money Why is this being blocked?
Fonte: ABC - 🏆 471. / 51 Consulte Mais informação »