The U.S. Justice Department's successful lawsuit to block the merger between JetBlue and Spirit Airlines, citing concerns over reduced competition and increased fares, particularly for low-fare dependent travelers, has led to significant repercussions. Critics argue that this move may result in Spirit Airlines going bankrupt, potentially leading to its liquidation rather than restructuring, with a high likelihood of higher prices for consumers. Despite the blocked merger, Spirit Airlines has announced its intention to continue operating as an independent entity. Meanwhile, the termination of the merger deal has been positioned by the Biden Administration as a historic success for American consumers and competition. South Florida retains its ‘hometown’ airline, but the future remains uncertain.
Spirit Airlines announced it will move on as an independent airline. https://t.co/nyjVAgjkdr
After JetBlue and Spirit part ways, South Florida retains its ‘hometown’ airline, but what’s next? https://t.co/5Zw6jDd9sX
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
Just a bad move by the federal government. The likely outcome is not, as some might think, a bankruptcy for Spirit to restructure, but a bankruptcy, followed by liquidation. How does that help consumers? https://t.co/IyyOFZ9Xjz
Just a bad move by the federal government. The likely outcome is not, as some might think, a bankruptcy Spirit to restructure, but a bankruptcy, followed by liquidation. How does that help consumers? https://t.co/IyyOFZ9Xjz
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
Their is a high likelihood that Spirit now goes bankrupt, and customers will pay higher prices because of this govt policy. https://t.co/z7BoOSvusB
Spirit will now go bankrupt, meaning that the judge's reason for blocking the deal (i.e. losing an ultra-low-cost carrier from the market) becomes irrelevant. Your government at work. https://t.co/JhZAqKZlVl