JetBlue CEO at trial calls Spirit merger key to taking on larger airlines

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The CEO of JetBlue Airways testified in court on Monday that the company's proposed $3.8 billion acquisition of Spirit Airlines is a critical part of his...

BOSTON - The CEO of JetBlue Airways testified in court on Monday that the company's proposed $3.8 billion acquisition of Spirit Airlines is a critical part of his plan to turn the airline into a more significant competitor to the four largest U.S. air carriers.

The four largest U.S. carriers - United Airlines, American Airlines, Delta Air Lines and Southwest Airlines - control 80% of the domestic market, compared with JetBlue's roughly 5% market share, Hayes said. The Justice Department counters that passengers would suffer roughly $1 billion in net harm annually if JetBlue absorbs Spirit, causing fares to rise.

U.S. District William Young, who has said he would try to rule by year's end, at one point when questioning Hayes raised the prospect of placing conditions on the deal's approval when he asked whether "you had ever heard of a judicial decision that says this doesn't pass muster, but if you did the following," it could proceed.

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