Delta merged with Northwest in 2008, United with Continental in 2010, but last month, after American Airlines proposed an additional merger to US Airways, the government intervened, decrying the prospect of another giant carrier creating higher fares, fortress hubs and an anticompetitive industry....
A federal judge on Tuesday sided with the Biden administration to block JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would limit industry competition and put pressure on airfares. The Justice Department sued to block the merger, saying that JetBlue's buyout of Spiri...
Analyst: Runway Not Blocked for American Airlines If Merger FailsAmerican Airlines continues to build momentum as it faces alawsuit by the U.S. Department of...Tuttle, D Ray
A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. The Justice Department sued to block the merger, saying it would drive up fares by...
A federal judge on Tuesday sided with the Biden administration to block JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would limit industry competition and put pressure on airfares. The Justice Department sued to block the merger, saying that JetBlue's buyout of Spirit...
In finding the proposed deal to be in violation of Section 7 of the Clayton Act, the Jan. 16 ruling misinterprets antitrust law, the airlines contend. The question "is not whether every consumer will be just as well off before and after the merger," the carriers argue, but rather "...
A federal judge on Tuesday sided with the Biden administration to block JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would limit industry competition and put pressure on airfares. The Justice Department sued to block the merger, saying that JetBlue's buyout of Spirit...
"This was a risky proposed merger from the start because JetBlue and Spirit are so very different as airlines," industry analyst Henry Harteveldt, president of Atmosphere Research Group, told CBS MoneyWatch. Harteveld added that the merged airline would have offered some benefits by proving mo...