JetBlue is facing an antitrust trial with the US Department of Justice over its proposed acquisition of Spirit Airlines. The US argues that the $3.8 billion deal will result in higher fares and fewer flights, as it seeks to block the acquisition. JetBlue's motive behind the acquisition is to eliminate a low-cost rival and increase ticket prices across a wider network of flights.
Antitrust trial pits JetBlue against Biden administration https://t.co/OXFx78F0WT
The US argued that JetBlue Airways' planned $3.8 billion acquisition of Spirit Airlines will lead to higher fares and fewer flights, as the Justice Department urged a federal judge to block the deal at the start of a closely-watched antitrust trial https://t.co/QKFbCgdVw7 https://t.co/RcDvChRj4D
JetBlue’s $3.8 billion deal to acquire Spirit Airlines is an effort to get rid of a low-cost rival and boost ticket prices across a wider network of flights, the US says https://t.co/aKh9Zv5uh4
.@JetBlue faces off with @TheJusticeDept in antitrust trial that starts today over airline's proposed acquisition of @SpiritAirlines. Shares of both at multi-year lows as troubles mount. https://t.co/BKjjBRIAGT
The US crackdown on airline consolidation faces a new test this week https://t.co/RRktDuAm1p