Biden administration takes on JetBlue as its fight against industry consolidation goes to court

FILE - In this Jan. 20, 2011, file photo, a JetBlue logo is displayed on the side of a jet as it taxis at Boston's Logan International Airport. JetBlue says it will expand its transatlantic flying next spring and summer. The airline said Wednesday, Oct. 25, 2023 it will operate daily flights from New York and Boston to Dublin from March through September, and it plans to fly between New York and Edinburgh from late May through September.

JetBlue isn't exactly the sort of behemoth that comes to mind when imagining a defendant in an antitrust case. It is the sixth-largest U.S. airline by revenue, and it is trying to buy the seventh-biggest. If it swallows Spirit, JetBlue will leapfrog Alaska Airlines but still control less than 10% of the U.S. air-travel market. It would remain far smaller than American, United, Delta or Southwest.

The Justice Department argues, however, that Spirit is the disruptive force that needs to be protected.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biden administration takes on JetBlue as its fight against industry consolidation goes to courtThe Biden administration and JetBlue Airways are facing off in court over the Biden administration's effort to stop JetBlue from buying Spirit Airlines. The trial over the government's antitrust lawsuit is scheduled to begin Tuesday in Boston. JetBlue is trying to buy Spirit for $3.
Source: AP - 🏆 728. / 51 Read more »

JetBlue Reports Earnings Soon. What to Expect.The antitrust trial following the Justice Department’s lawsuit to block JetBlue’s proposed merger with Spirit Airlines is finally due to begin after a...
Source: MarketWatch - 🏆 3. / 97 Read more »

Antitrust trial to determine fate of JetBlue-Spirit merger set to beginThe Justice Department is squaring off against JetBlue, which is seeking to buy Spirit Airlines in a deal worth $6.8 billion.
Source: washingtonpost - 🏆 95. / 72 Read more »

US seeks to block JetBlue, Spirit Airlines merger at trialThe 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.
Source: Reuters - 🏆 2. / 97 Read more »

US seeks to block JetBlue, Spirit Airlines merger at trialUS seeks to block JetBlue, Spirit Airlines merger at trial
Source: Investingcom - 🏆 450. / 53 Read more »