Federal Judge Blocks $3.8 Billion JetBlue-Spirit Airlines Merger
A federal judge has officially blocked the proposed $3.8 billion merger between JetBlue and Spirit Airlines, siding with the Department of Justice. The DOJ had filed a lawsuit to stop the deal, arguing that it would eliminate a key ultra-low-cost competitor and lead to higher airfares for consumers. In his ruling, the judge stated the acquisition would substantially harm competition within the U.S. airline industry. JetBlue had contended that the merger was essential to create a stronger competitor against the nation's four largest carriers. Both airlines have expressed their disagreement with the decision and are appealing the court's ruling.
Official Source: https://abcnews.com/GMA/Travel/trump-announcement-expected-today-spirit-airlines-deal/story?id=132574357
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