Sen. Elizabeth Warren is asking the U.S. Department of Transportation to block JetBlue's $3.8 billion takeover of budget carrier Spirit Airways.
Antitrust is normally the purview of the DOJ or FTC, but this is a reminder that DOT has special authority to block airline mergers that it finds aren't in the public interest. No court case required.Primary sources:
deray Why is there a photoshopped pic of her holding a bag of money? Are you suggesting she was bribed to take this position?
Spirit is a nightmare. I support Jet Blue on this.
Is this an abuse of power? Just curious