Justice Department Sues to Block JetBlue-Spirit Merger in Latest Antitrust Move From Biden Administration

JetBlue has argued that the merger would bring down prices, forcing other airlines to lower their fares to compete with the two lower-cost airlines. However, antitrust officials have said that the loss of Spirit Airlines’s independence would mean the loss of Spirit’s extra-low fares, and that JetBlue’s proposed changes to Spirit flights, like removing seats, would force the airline to raise prices to recoup lost fares.

Airline worker unions have been torn about the merger. The Association of Flight Attendants-Communications Workers of America, which represents about 5,600 Spirit flight attendants, has expressed support for the merger; Association of Flight Attendants president Sara Nelson wrotethat she believes the merger would increase competition in the industry and that it was the “anti-merger, merger.”

However, the Transport Workers Union, which represents 6,800 JetBlue flight attendants, raised concerns in a separate letter last month about the potential anti-competitive effects of the merger. “We have yet to see a credible argument that a consolidated JetBlue/Spirit will enhance competition in the domestic airline industry,” theLawmakers have also sounded the alarm about the merger. In September, Sen.

“Airline industry competitiveness is in free fall, and consumers are feeling the consequences,” Warren wrote. Major airline “dominance has been achievedprimarily by offering better, more reliable service to passengers at lower fares but instead through a series of airline mega-mergers that have reduced service quality and increased fares.”We’re proud to publish real news 365 days of the year, completely free of charge to our readers.

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WSJ News Exclusive | JetBlue, Spirit Brace for Justice Department Lawsuit to Block Airlines’ MergerJetBlue's CEO said he expects the Justice Department will try to block its planned takeover of Spirit in the coming days Come on this is david stern blocking cp3 to the lakers all over again AndrewTangel nice article. Has the breakup not been paid already?
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »

Justice Department sues to block JetBlue’s acquisition of Spirit AirlinesJetBlue's takeover of Spirit would create the fifth-largest airline in the country and also eliminate Spirit. why block it. One bad airline purchasing another bad one. Maybe they can create a mediocre one. LOL!
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Justice Department Sues to Block JetBlue-Spirit MergerBreaking: The Justice Department filed a lawsuit seeking to block JetBlue Airways from merging with Spirit Airlines, arguing the deal would stifle competition and lead to higher fares The Justice Department worrying about things that might happen over things that have happened isn’t justice. See exhibit A; the lack of justice over Jeffery Epstein and his clients? 🦗 🦗 🦗 When trying to determine whether the deal is good or bad for the consumer, ask yourself this… Do the big four (UA, AA, DL, WN) want the merger to succeed or to be blocked? I get wanting competition in the airline business, but spirit is such a shitty airline it’s probably better for them to attach themselves to JetBlue.
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »

Justice Department files suit to block JetBlue merger with Spirit AirlinesBREAKING: Justice Department files lawsuit to stop the proposed merger between JetBlue and Spirit Airlines. More Biden government nonsense. this seems like government overreach, they would only have like 8% of the total market, there's no need for this waste of tax payers money Why is this being blocked?
Fonte: ABC - 🏆 471. / 51 Consulte Mais informação »