US seeks to block JetBlue, Spirit Airlines merger at trial

📆 31-10-2023 12:26:00

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The U.S. Department of Justice heads to trial on Tuesday to urge a federal judge to block JetBlue Airways' (JBLU.O) planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines.

📆 31-10-2023 12:26:00
📰 Reuters

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JetBlue Airways aircrafts are pictured at departure gates at John F. Kennedy International Airport in New York June 15, 2013. REUTERS/Fred Prouser/File Photo/File Photo

The department is suing alongside Democratic attorneys general from six states and the District of Columbia. They call Spirit a "disruptive and innovative airline" whose low-cost, no-frills model has forced price cuts industry-wide. The airlines counter that allowing the deal to go forward would strengthen JetBlue's own long-standing reputation as a market disruptor.

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