JetBlue and Spirit's $3.8 billion merger has been abandoned after a successful U.S. Department of Justice legal challenge, leading to JetBlue reducing departures from Los Angeles and cutting unprofitable routes in a network overhaul. The airlines argue that this move renders a separate antitrust suit by air travelers seeking to block the tie-up moot. JetBlue is also ending service in several U.S. cities to cope with grounding some planes for inspections of Pratt & Whitney engines, impacting cities like Las Vegas and Fort Lauderdale. Speculation arises about potential bankruptcies for both airlines in the medium-term.
#Aviation IMO, #DOJ/#FTC really screwed up on #JetBlue/#SpiritAirlines . Both airlines are likely to file for #bankruptcy over the medium-term $JBLU $SAVE
JetBlue changes flights at Fort Lauderdale airport after canceled merger with Spirit https://t.co/kY3do2ipl6
JetBlue is ending service in several U.S. cities | The changes will also help the airline cope with the grounding of some of its planes for inspections of their Pratt & Whitney engines, officials said. READ MORE: https://t.co/nkcrqilkwz
Las Vegas affected by JetBlue dropping flights, cities https://t.co/JSEuZCkp9W via @reviewjournal, @ap
"JetBlue Cuts Unprofitable Routes in Flight Network Overhaul" https://t.co/EcY7xokVLN Good thing the feds blocked their Spirit Merger, or else we'd suffer from less competition. 😏 https://t.co/4t0O9H0902
No Escape From LA *JETBLUE WILL REDUCE NUMBER OF DEPARTURES FROM LOS ANGELES: CNBC
The abandonment of JetBlue and Spirit's $3.8 billion merger following a successful U.S. Department of Justice legal challenge moots a separate antitrust suit by air travelers seeking to block the tie-up, the airlines have argued to the First Circuit. https://t.co/cCZxf7ugAr https://t.co/TOCu2kidLq