Biden administration takes on JetBlue as its fight against industry consolidation goes to court

The Biden administration’s fight against consolidation in the airline industry will be tested Tuesday with lawyers for JetBlue Airways and the Justice Department squaring off in court Tuesday.

JetBlue isn't exactly the sort of behemoth that comes to mind when imagining a defendant in an antitrust case. It is the sixth-largest U.S. airline by revenue, and it is trying to buy the seventh-biggest. If it swallows Spirit, JetBlue will leapfrog Alaska Airlines but still control less than 10% of the U.S. air-travel market. It would remain far smaller than American, United, Delta or Southwest.

The Justice Department argues, however, that Spirit is the disruptive force that needs to be protected. The Biden administration may be having remorse for mergers that the Obama administration allowed to go through and which eliminated Northwest, Continental, US Airways and AirTran as competitors to the four largest U.S. airlines. Before the current case, the Justice Department sued to quash a JetBlue-American partnership in which they shared revenue from flights in New York and Boston.

Israeli troops clashed with Hamas for the first time since the ground offensive began in an ambush from its network of tunnels in northern Gaza.Florence Pugh goes commando in a completely open-sided dress

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

U.S. Department of Justice Seeks to Block JetBlue's Acquisition of Spirit AirlinesThe U.S. Department of Justice is going to trial to prevent JetBlue Airways from acquiring Spirit Airlines in a $3.8 billion deal. The trial aims to maintain competition among low-cost airlines and ensure affordable air travel for U.S. consumers.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

US seeks to block JetBlue, Spirit Airlines merger at trialThe U.S. Department of Justice heads to trial on Tuesday to urge a federal judge to block JetBlue Airways' planned $3.8 billion acquisition of ultra-low-cost...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

US seeks to block JetBlue, Spirit Airlines merger at trialExplore stories from Atlantic Canada.
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »

AB InBev to report Q3 earnings Tuesday: What to watch forBeer maker Anheuser-Busch InBev (BUD) will report third-quarter earnings on Tuesday, October 31. Analysts expect volume growth to decline for another...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »