“This is an important step forward on our path to closing a combination that will create the most compelling national low-fare challenger to the dominant US carriers,” Spirit CEO Ted Christie said after the vote.
However it would also eliminate Spirit, the nation’s biggest budget carrier, and that might not sit well with regulators, who appear to oppose any further consolidation in the airline industry after a round of mergers between 2005 and 2016. in New York and Boston between JetBlue and American, which the airlines call the Northeast alliance or NEA. Department lawyers say the alliance is anti-competitive and will drive up prices for consumers.
The Justice Department is currently fighting to kill a partnership in New York and Boston between JetBlue and American, which the airlines call the Northeast alliance.“If win the case, and the judge thinks the NEA does not harm consumers enough, it’s almost guaranteed that there will be an antitrust challenge to the Spirit acquisition,” Ederer said.
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Wall Street surges as market seeks bottoming signsWall Street's main stock indexes rallied as much as 3% on Monday, catalyzed by better-than-expected Bank of America earnings, while traders debated whether recent wild swings signaled some sort of bottom was forming after new-bear market lows were reached last week. Does this mean it's about to bottom out. Nothing changed. Inflation is high and deep recession is imminent due to delayed response from Fed.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »
Wall Street ends sharply higher, dollar dips on UK U-turn, strong earningsU.S. stocks kicked off the trading week with a rally after Britain reversed course on an economic plan, while Bank of America was the latest financial company to post solid quarterly results But, but Biden! He’s a menace to global economics…! Y?
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »
Stocks rally on Wall Street in latest volatile moveWall Street kicked off a busy week of corporate earnings with a broad rally Monday, the latest about-face for a market that has been unsteadily lurching between gains and losses in recent weeks. The S&P 500 climbed 2.6%, more than recovering the ground it lost in a sell-off Friday. Market makers make the money, trick people into jumping in then Dump it. It's a giant rigged game. Fox will have to play up inflation more tomorrow. Upward moves by the stock market don't fit its narrative. When you accept that the stock market is irrational, you'll be better off.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »