The Biden administration has signaled that it will scrutinize mergers more closely to promote competition. In September, the Justice Department sued to block a partnership in which American Airlines and JetBlue Airways agreed to work together in the Northeast. The Trump administration had allowed that deal to go through.
Frontier and Spirit announced last month that they would combine in a $2.9 billion deal to create the nation’s fifth-largest airline by passenger-carrying capacity. Denver-based Frontier would have a controlling share. 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.
The lawmakers, however, said “Spirit and Frontier are already the two least-liked airlines in America,” and a merger could make the customer experience worse because travelers who get mistreated would have no close alternatives among discount carriers.
Obviously congressional Dems haven't flown Spirit before. Let it happen.
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Source: AP - 🏆 728. / 51 Read more »