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Why the DOJ Blocked the JetBlue & Spirit Airlines Merger

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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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230308__TB04Planes
Category
Europe
Tags
230308__TB04Planes, News, Politics
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