Judge blocks JetBlue-Spirit merger after DOJ's antitrust challenge
Publishing timestamp: 2024-01-17 10:39:23
Summary
The article discusses how a federal judge has blocked JetBlue Airways' purchase of Spirit Airlines after the Justice Department sued to stop the merger. The judge ruled that the deal would drive up fares for price-sensitive consumers by taking the discount carrier out of the market. The decision is seen as a victory for the Justice Department, which has been seeking to block deals it views as anti-competitive. JetBlue and Spirit disagreed with the ruling and are evaluating their next steps.
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