Why the DOJ Blocked the JetBlue & Spirit Airlines Merger

The Justice Department has sued to block JetBlue from merging with Spirit Airlines. Ana Kasparian and John Iadarola discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.cnbc.com/2023/03/07/doj-jetblue-spirit-airlines.html

"The Justice Department on Tuesday sued to block JetBlue Airways $3.8 billion proposed takeover of budget carrier Spirit Airlines the Biden administration’s latest attempt to prevent industry consolidation.

Spirit Airlines agreed to sell itself to JetBlue last summer after a long battle for the carrier between JetBlue and Frontier Airlines New York-based JetBlue’s acquisition of Spirit faced a high hurdle with regulators from the start, and the airline on Monday said it expected DOJ action this week.

JetBlue’s takeover of Spirit would create the fifth-largest airline in the country and also eliminate Florida-based Spirit, with its business model of rock-bottom fares and fees for everything from carry-on baggage to seat assignments.

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