DALLAS (AP) — A federal judge has sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines. U.S. District Judge William Young said 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. Young presided over a non-jury trial last year and said in the ruling Tuesday that the government had proven that the merger would substantially lessen competition.
Federal Judge Blocks JetBlue’s Purchase Of Spirit Airlines
January 16, 2024 5:23 pm