Ruling marks victory for Biden government and its effort to preserve lower cost airline tickets for American consumers
A federal judge has blocked JetBlue Airways’ $3.8bn takeover of the budget carrier Spirit Airlines, agreeing with the US Department of Justice that the deal would knock competition and limit the availability of low-priced tickets.
William Young, a US district judge in Boston, concluded that passengers who rely on Spirit’s cheaper fares “would likely be harmed” by the acquisition. His ruling – a victory for the Biden administration – raises questions over other planned deals in the airline sector.
More Stories
‘Fruit of the devil’: Hainan’s betel nut sellers suffer from stuttering economy
Porsche reports steep fall in orders from Europe and China
Will Trump’s tariff chaos be China’s gain in global trade wars?