A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition.
The Justice Department sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation’s biggest low-cost airline.
JetBlue argued that the deal would help consumers by making JetBlue a stronger competitor against bigger rivals that dominate the U.S. air-travel market.
U.S. District Judge William Young, who presided over a non-jury trial last year, said in the ruling Tuesday that the government had proven that the merger “would substantially lessen competition” and violated a century-old antitrust law.
Good. Now do Albertsons and Kroger.
That will be much worse for people .
Bet it wouldn’t be blocked if AA or delta was trying to buy
My thoughts exactly. United as well. JetBlue isn’t big enough to fly past antitrust regulations (pun intended).
Government when Delta buys out all its competitors on the east coast and makes every airport its
*****hub: :DGovernment when Jetblue tries to buy the second worse quality airline with a webpage that runs on some crappy Orcale DB and is exclusively marketed in highlighter paint bucket yellow: >:(
Spirit and Frontier are head to head competitors in their space. Coming in pretty far behind is Allegiant.
Removing Spirit would remove nearly all pricing competition in that market segment.
Hey I’m just happy someone is stopping the airlines from consolidating even further. Rare victory. But to answer your question the Biden admin has been more aggressive about using anti trust law to stop big mergers that would reduce competition. Unfortunately not always successfully, up to the judge to rule in the end.
I hope spirit doesn’t take it out on me when I fly them tomorrow 😬
They’re Spirit Airlines though. When don’t they take it out on you?
I mean, of course they will. They’re flying spirit airlines.
knuckles cracking
They would even if the merger went through.
It’s a race to the bottom and we all lose.
