JetBlue said it won’t appeal a judge’s decision to dismantle a partnership with American Airlines that allowed them to coordinate operations on certain routes and share the profits. JetBlue hopes the Justice Dept. will reconsider their merger with Spirit.
came two months after the Justice Department moved to block JetBlue’s attempt to merge with Spirit, saying the deal would reduce competition and could lead to higher fares. DOJ attorneys said the loss of Spirit would be particularly harmful for price-sensitive consumers who depend on Spirit’s low fares.
Hayes said combining operations would create an airline that can be “a disruptive presence able to appeal to a broader set of customers.” He added: “We’re doing this to grow. We’re not doing this to consolidate. We’re doing this to try and get bigger so we can better compete with the Big Four airlines.”Given its decision not to pursue an appeal in the Northeast Alliance case,with Spirit, noting that DOJ itself has recognized “the benefits of JetBlue’s disruptive impact on the industry.
However, Bill Baer, who led the Justice Department’s antitrust division from 2013 to 2016, said that JetBlue’s decision is unlikely to hold much sway with regulators.“With an adverse decision on the Northeast Alliance weighing down their prospects to buy Spirit, [JetBlue] made a cynical but strategically reasonable choice,” said Baer, now a visiting fellow in governance studies at the Brookings Institution.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
JetBlue won't appeal ruling to block American Airlines partnership, will focus on Spirit acquisitionA federal judge ordered last month JetBlue and American to undo their partnership in the Northeast, ruling it violated antitrust law.
Consulte Mais informação »
JetBlue to end JV with American Airlines to ‘focus’ on Spirit mergerJetBlue Airways Corp. said late Wednesday it will unwind a joint venture with American Airlines Group Inc. in airports in the Boston and the New York City...
Consulte Mais informação »
JetBlue won’t appeal antitrust ruling that struck down American Airlines allianceJetBlue Airways won't appeal the ruling dismantling the alliance with American Airlines, but American is holding firm on its decision to appeal.
Consulte Mais informação »
JetBlue dumps partnership with American Airlines to salvage purchase of SpiritJetBlue’s decision to choose a purchase of Spirit over a geographically limited deal with American grew more likely in recent weeks, as JetBlue declined to say whether it would appeal the Northeast…
Consulte Mais informação »
JetBlue, Turning Focus to Spirit Deal, Won’t Try to Save American PartnershipJetBlue said it would drop its fight to keep a partnership with American Airlines, focusing instead on its plan to acquire Spirit Airlines—which also faces a Justice Department challenge
Consulte Mais informação »
American Airlines passenger claims fellow traveler was ‘not real’A video posted to TikTok shows a woman on an American Airlines flight who said she had to leave the plane due to a passenger she claimed was “not real.”
Consulte Mais informação »