The ruling marked a victory for the Biden administration in its efforts to preserve competition among the lowest cost airlines to ensure that air travel remains affordable for more U.S. consumers
A federal judge on Tuesday
blocked JetBlue Airways planned $3.8 billion
acquisition of ultra-low cost carrier Spirit Airlines
after agreeing with the U.S. Department of Justice the deal
would reduce.
BOSTON (Reuters) -A federal judge on Tuesday blocked JetBlue Airways' planned $3.8-billion acquisition of ultra-low-cost carrier Spirit Airlines after agreeing with the U.S. Department of Justice that the deal was anticompetitive and would harm ticket buyers. JetBlue's lawyers had called the case a "misguided" challenge to a merger of the nation's sixth- and seventh- largest airlines, which combined would control 10.2% of a domestic market dominated by four larger airlines. The ruling by U.S. District Judge William Young in Boston marked a victory for the White House in its efforts to prevent further concentration of the U.S. airline industry and raises questions about the viability of another recently proposed deal, Alaska Air's acquisition of Hawaiian Airlines.
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