JetBlue, Spirit insist merger won't lead to higher airline fares, as DOJ circles

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Ahead of a decision from the Department of Justice on whether to block a merger between JetBlue Airways and Spirit Airlines, the companies are reportedly making a final push.

Hayes, the CEO of JetBlue, said that fares are a "function of capacity," and that Spirit flights would adopt JetBlue's seat configuration – saving customers money because planes would spent more time in the air and less time on the ground. Christie, the CEO of Spirit, said fares on some routes could increaseA Spirit Airlines airplane taxis toward a runway during a winter storm at Denver International Airport on Feb. 22, 2023, in Denver.

People with knowledge of the issue said Justice Department officials are not convinced that the new company won't be forced to raise prices due to removed seating.Furthermore, to address concerns, JetBlue has offered to sell off Spirit's operations at Newark Liberty International Airport, LaGuardia Airport and Boston Logan International Airport and five slots at Fort Lauderdale-Hollywood International Airport.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

😂😂😂😂😂😂😂😂😂😂😂

Less competition and they won’t raise prices? Sure. And pigs fly.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in BUSİNESS

Business Business Latest News, Business Business Headlines