HomeAbout

TL;DR CNBC


American, JetBlue to end sales of each others' tickets next week after judge orders breakup - TL;DR CNBC

American, JetBlue to end sales of each others' tickets next week after judge orders breakup

Publishing timestamp: 2023-07-14 19:29:16


Summary

JetBlue and American Airlines will stop selling seats on each other's flights following a federal judge's ruling that their partnership in the Northeast violated antitrust laws. The airlines had teamed up to better compete with rivals Delta and United, but the Justice Department and several states sued to block the partnership. JetBlue will focus on its acquisition of Spirit Airlines, while American plans to appeal the ruling. Existing bookings will be honored, but the wind-down process will take place over the coming months.


Sentiment: NEUTRAL

Tickers: UALSAVEAALDALJBLU

Keywords: businesstransportationlifetravelbreaking news: businessunited airlines holdings incbusiness newsamerican airlines group incpoliticsbreaking news: marketsmarketsjetblue airways corpdelta air lines incspirit airlines incbreaking news: politicsaerospace and defense industryairlines

Source: https://www.cnbc.com/2023/07/14/american-airlines-jetblue-joint-bookings-end-after-july-20-after-northeastn.html


Developed by Leo Phan