March 7, 2023, 11:10 AMJetBlue and Spirit airplanes at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla., May 21, 2022.The Justice Department on Tuesday filed a lawsuit to stop the proposed merger between JetBlue and Spirit Airlines.
"The Big Four airlines have a lock on about 80% of the market," the company said in a statement. "JetBlue's combination with Spirit allows it to create a compelling national challenger to these dominant airlines, while also ensuring [ultra low cost carrier] options remain available in overlap markets.
Spirit, the Justice Department said, is allowing cost-conscious Americans the option to travel, and by eliminating this business model, it hurts competition for consumers. "The rest of the industry -- including JetBlue --has been forced to respond to Spirit's innovations and low prices. Spirit estimates that when it starts flying a route, average fares fall by 17%; JetBlue estimates that when Spirit stops flying a route, average fares go up by 30%," the lawsuit says.
RUPERT MURDOCK IS SAYING IT WAS FOR THE MONEY. THATS BULLSHIT . MURDOCK WAS A CIA ADENT FOR REAGAN AND THE GOP TV WAS CHANGED TO FOX. MURDOCK IS A PROFESSIONAL COUP FIRESTARTER.
Alaska didn't buy Virgin Atlantic.
Thank you TheJusticeDept. Airline industry needs more competition not less
Excellent. Now stop the Kroger Albertsons merger that will trigger more inflation.
Jan 6th committee lied and fed America false narratives into events now proven from Capitol Vidio. Cop not killed during riot and jailed man never committed a crime was actually escorted by Capitol Police. Main Stream Media ignoring facts as Musk proved they are bought lap dogs.
Alaska merged with Virgin America. Virgin Atlantic still very much exists.
How about Merrick Garland announcing indictments against Trump
AAA
Spirit absolutely sucks. JetBlue is at least tolerable. This is a good merger. The last time I checked Frontier is still around. How is this legal? It’s not a monopoly move.
Because Lord knows, we don't want to make a shitty airline better....
All these politicians are corrupt and liars ..
I don't want them merging I fly with Jetblue.... I hear bad things about spirit.
It’s JetBlue and Spirit Airlines. Trust me: nobody cares if they merge. We ain’t flying their unsafe skies anyways!!
But Spirit is..... awful! I mean awful!
DOJ Spirit is horrible...and needs to be acquired.
No one wants to fly SpiritAirlines because they are the worst, they nickel and dime you for everything. They are in no way the low cost airline, because everything is an upcharge. You pay extra for seats, bags, etc…, at which point you might as well have flown AmericanAir
Southwest like
Magas will side with Garland, Spirit is their airline of choice.
I though Garland retired? Haven’t heard from him at all. There’s a few things he skipped over.
The two worst airlines known to man teaming up to create some new Turbo Turd Airlines.
WorldNews It’ll never survive the Supreme Court. You can’t arbitrarily stop businesses from growing!
Well…I for one KNOW this is exactly what sort of DOJ announcement everyone has been waiting on. Huge news!! Huge!! 🙄
newsradionw Inciteful move to benefit the Many as opposed to the few
Seriously! Doesn’t he have more pressing issues…..
Higher ticketing amid greed, should have NEVER bailed out the airlines industry post 9/11 as many small businesses went bankrupt similar to S&L scandals
GMA How bout our broken border?
Another priority to investigate is the reason grocery prices are so high when there is no longer a supply change issue.
But ... JetBlue is great and Spirit ... isn't.
GMA Good
Why? This needs to happen
Spirit is being bought because they have a bad business model. They have horrible customer service and they ain’t that cheap when you add baggage fees and one Pepsi. Merrick what’s going on with the Trump case? Seems like that should be a priority.
This is great. The right move by DOJ. Now, why isn’t DT in prison?
When’s the press. Conference on trump 🙄
Blocking a company from expansion? Is it okay for Bill Gates to be the largest Farmland Owner in America? Is it okay for Rothchilds to own all centralized banks in the world? Is it okay for Blackrock & Vanguard to be 1 stake holder in almost every large company? Etc...
Okay corporatist
How about Merrick Garland announcing indictments against Trump TheJusticeDept?
Insane
Give the people what they want!
Good. They should have sued in the Ticket master merger.
That sounds like a good merger, go block wasteful fake climate change and stupid rockets and space.
Indict him already
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: ABC - 🏆 471. / 51 Read more »
Source: CNN - 🏆 4. / 95 Read more »