BREAKING: Justice Department files lawsuit to stop the proposed merger between JetBlue and Spirit Airlines.
March 7, 2023, 11:10 AMJetBlue and Spirit airplanes at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla., May 21, 2022.The Justice Department on Tuesday filed a lawsuit to stop the proposed merger between JetBlue and Spirit Airlines.
"The Big Four airlines have a lock on about 80% of the market," the company said in a statement. "JetBlue's combination with Spirit allows it to create a compelling national challenger to these dominant airlines, while also ensuring [ultra low cost carrier] options remain available in overlap markets.
Spirit, the Justice Department said, is allowing cost-conscious Americans the option to travel, and by eliminating this business model, it hurts competition for consumers. "The rest of the industry -- including JetBlue --has been forced to respond to Spirit's innovations and low prices. Spirit estimates that when it starts flying a route, average fares fall by 17%; JetBlue estimates that when Spirit stops flying a route, average fares go up by 30%," the lawsuit says.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Justice Department files lawsuit to block JetBlue's $3.8 billion deal for SpiritRegulators say the proposed merger, which would create the fifth-largest U.S. carrier, threatens airline industry competition.
Consulte Mais informação »
WSJ News Exclusive | JetBlue, Spirit Brace for Justice Department Lawsuit to Block Airlines’ MergerJetBlue's CEO said he expects the Justice Department will try to block its planned takeover of Spirit in the coming days
Consulte Mais informação »
Justice Department set to block JetBlue's $3.8 billion deal for Spirit AirlinesThe carriers say joining forces would benefit travelers, but the blockbuster deal has been dogged by concerns it could hurt competition.
Consulte Mais informação »
Justice Department sues to block JetBlue’s acquisition of Spirit AirlinesJetBlue's takeover of Spirit would create the fifth-largest airline in the country and also eliminate Spirit.
Consulte Mais informação »
Justice Department Sues to Block JetBlue-Spirit MergerBreaking: The Justice Department filed a lawsuit seeking to block JetBlue Airways from merging with Spirit Airlines, arguing the deal would stifle competition and lead to higher fares
Consulte Mais informação »
DOJ files lawsuit to block JetBlue's $3.8 billion takeover of SpiritNEW: The DOJ has filed an antitrust lawsuit to block JetBlue's planned $3.8 billion takeover of Spirit Airlines, alleging the merger would raise ticket prices and lessen options for travelers.
Consulte Mais informação »