JetBlue-Spirit Airlines deal blocked - TravelMole


JetBlue-Spirit Airlines deal blocked

Wednesday, 17 Jan, 2024 0

JetBlue’s planned $3.8bn takeover of Spirit Airlines has been nixed by a federal judge.

US district judge William Young ruled against the merger, agreeing with the Department of Justice that it would be a bad deal for competition and consumer choice.

The availability of Spirit Airlines’ cheaper fares ‘would likely be harmed’ by the acquisition, he said.

It would ‘substantially lessen competition.’

Both airlines are now ‘considering next steps,’ they said in a joint statement.

They still have the option to appeal the ruling.

“We disagree with the US District Court’s ruling. We continue to believe that our combination is the best opportunity to increase much needed competition and choice,” the airlines said.

“JetBlue’s termination of the Northeast Alliance and commitment to significant divestitures have removed any reasonable anti-competitive concerns.”

The DOJ had argued the deal would lead to higher airfares and ‘extinguish a vital source of low cost competitive disruption on more than 375 routes.’

It claimed it would cost consumers $1 billion in higher fares annually. 

Related News Stories:  Trial of JetBlue-Spirit airline merger begins     JetBlue rolls out basic economy fare     Passengers brace yourselves: Spirit strike has potential imitators …     Teen traveling to Ohio, takes wrong flight to Puerto Rico     Unaccompanied child put on wrong flight     Miami and Beaches     Coach operator ‘utterly heartbroken’ after 42 years in industry …     Canadian budget carrier Flair Air unveils rebrand     Discover the Magic of London: A Charming Neighborhood Beckons …     Antigua & Barbuda…Your Space in the Sun    



Related News Stories:  JetBlue and Spirit end $3.8B merger. Here's why | AP News     Office of Public Affairs | Justice Department Statements on JetBlue ...     JetBlue and Spirit abandon the decision to merge after it was ...     Why Was JetBlue-Spirit Blocked and What Does it Mean for the ...     JetBlue and Spirit Airlines cancel $3.8bn merger after judge blocked ...     Judge blocks JetBlue-Spirit merger after DOJ's antitrust challenge : r ...     JetBlue-Spirit merger block in win for Biden's Justice Department     JetBlue and Spirit Airlines terminate $3.8 billion merger agreement ...     JetBlue-Spirit Deal Blocked by Judge on Antitrust Grounds (3)     Biden's DOJ Blocking JetBlue-Spirit Merger Will Mean Higher Fares ...    



 

profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Mark Jaronski of Explore Georgia on FIFA World Cup 2026

Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange

North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari