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JetBlue says it will end American Airlines partnership after losing DOJ antitrust case, will focus on Spirit - TL;DR CNBC

JetBlue says it will end American Airlines partnership after losing DOJ antitrust case, will focus on Spirit

Publishing timestamp: 2023-07-05 18:06:11


Summary

JetBlue Airways will end its partnership with American Airlines in the northeastern U.S. after a federal judge ruled the agreement was anticompetitive. American Airlines plans to appeal the ruling. JetBlue will instead focus on its deal to acquire budget carrier Spirit Airlines, which was previously sued by the Justice Department. The termination of the partnership comes after a lawsuit brought by the Justice Department and several states to block the alliance. JetBlue's acquisition of Spirit Airlines is seen as a way to better compete against larger airlines.


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Keywords: monopoly and antitrustbreaking news: marketslifejetblue airways corppoliticstransportationmarketsamerican airlines group incunited airlines holdings incbusinessspirit airlines incairlinesbreaking news: businessbreaking news: politicsaerospace and defense industrybusiness newsmergers and acquisitionsfrontier group holdings incnew yorktraveldelta air lines inc

Source: https://www.cnbc.com/2023/07/05/jetblue-wont-appeal-ruling-against-american-airlines-partnership.html


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