The Justice Department's lawsuit to block the merger between JetBlue ($JBLU) and Spirit Airlines ($SAVE) last year was based on concerns that it would reduce competition and lead to higher fares, particularly affecting those who rely on low-fare options like Spirit. The merger was ultimately blocked, with experts and officials, including the president of Boyd Group International, Mike Boyd, and the President of the United States, highlighting the negative impact it would have had on consumers by driving up fares and reducing choices. The President described the blocking of the merger as a 'historic success', marking it as a victory for American consumers and competition.
This merger would have forced higher fares and fewer choices on tens of millions of Americans. My Administration's historic success in blocking it is a win for American consumers and competition. https://t.co/jZH1eS6gQx
Well, we’re saved now! Meanwhile, the Amazon, Google, & hospital monopolies continue to really destroy America. “JetBlue, Spirit end merger agreement after losing antitrust suit” https://t.co/5jgl8ehWVs
The Justice Department sued to block the merger last year, saying it would reduce competition and drive up fares, especially for travelers who depend on low-fare Spirit. https://t.co/MNfxOarwyT
"The consumer is really the one that loses here,” Boyd Group International president Mike Boyd says on $JBLU and $SAVE ending merger plans. https://t.co/nfhh51d9OX
The merger had been blocked over concerns it would drive up fares. https://t.co/cXB2JIhUCd
The Justice Department sued to block the merger last year, saying it would reduce competition and drive up fares, especially for those who depend on low-fare Spirit. https://t.co/HBJS5jRSla