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Justice Department sues to block JetBlue’s acquisition of Spirit Airlines - TL;DR CNBC

Justice Department sues to block JetBlue’s acquisition of Spirit Airlines

Publishing timestamp: 2023-03-07 12:21:03


Summary

The Justice Department has sued to block JetBlue Airways' proposed $3.8 billion takeover of budget carrier Spirit Airlines, citing that it would eliminate competition and lead to higher fares and fewer options for travelers. The Biden administration has vowed a hard line against consolidation and has also taken aim at the airline industry after a host of travel disruptions over the past two years.


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Keywords: american airlines group incalaska air group incbreaking news: businesstravelspirit airlines inctransportationpoliticsbusiness newsunitedhealth group incaerospace and defense industrylifejetblue airways corpbusinessfrontier group holdings incairlines

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


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