News Formal

JetBlue says it will end alliance with American to save Spirit merger deal

  • 📰 Reuters
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

JetBlue Airways , seeking to protect a planned $3.8 billion purchase of Spirit Airlines , said on Wednesday it would follow a U.S. judge's May order that it end an alliance with American Airlines .

The New York-based carrier said while it "strongly" disagrees, it would not appeal the court's ruling.

JetBlue said terminating its alliance with American renders "entirely moot" the U.S. Justice Department's objections that led it towith Spirit, which would be the biggest in the U.S. airline industry since American and US Airways merged in 2013. American has yet to spell out plans for the capacity it gave to JetBlue. The carrier could now be forced to rebuild its capacity or cut international flights out of the region.

The DOJ sued in 2021 to undo the Northeast Alliance, which was announced the previous year. It called it a "de facto merger" of American and JetBlue operations in Boston and New York that removed incentives to compete and would end up costing consumers an additional $700 million a year to fly out of the region's busy airports.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 2. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

JetBlue won't appeal ruling to block American Airlines partnership, will focus on Spirit acquisitionA federal judge ordered last month JetBlue and American to undo their partnership in the Northeast, ruling it violated antitrust law.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

JetBlue to end JV with American Airlines to ‘focus’ on Spirit mergerJetBlue Airways Corp. said late Wednesday it will unwind a joint venture with American Airlines Group Inc. in airports in the Boston and the New York City...
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »