Jetblue said Friday it may back out of its merger with Spirit Airlines, after a federal judge blocked the $3.8 billion deal last week.
16.01.2024 - 18:51 / nytimes.com / Spirit Airlines / William G.Young / Airlines
A federal judge on Tuesday blocked JetBlue Airways’ proposed $3.8 billion acquisition of Spirit Airlines, a victory for the Department of Justice, which argued that the deal would harm travelers.
In his ruling, Judge William G. Young of the U.S. District Court for the District of Massachusetts sided with the Justice Department in determining that the merger would reduce competition in the airline business.
The proposed merger would have created the nation’s fifth largest airline. The Justice Department had argued that smaller, low-cost airlines like Spirit help keep fares low and that allowing the company to be acquired by JetBlue, which tends to charger higher prices, would have hurt consumers.
Jetblue said Friday it may back out of its merger with Spirit Airlines, after a federal judge blocked the $3.8 billion deal last week.
Spirit Airlines is expanding its presence in South Carolina, adding flights from Charleston to Boston and New York City this spring.
JetBlue Airways said on Friday that it might back out of a $3.8 billion acquisition of Spirit Airlines after a federal judge blocked the deal.
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On January 16, a federal court judge ruled to block JetBlue Airways’ proposed $3.8 billion purchase of Spirit Airlines on antitrust grounds. The decision was made based on a U.S. Justice Department lawsuit filed in March 2023 and aimed at stopping the deal. According to the suit, the merger would “allow JetBlue to eliminate its largest ultra-low-cost rival, further concentrate the airline industry, and harm American travelers.”
JetBlue will discontinue service from Baltimore this spring after more than a decade of flying.
JetBlue Airways and Spirit Airlines announced plans to appeal the decision by a United States federal judge to block a potential merger between the two carriers based on violations of antitrust laws.
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JetBlue and Spirit said Friday they are planning to appeal a judge’s ruling that blocked their proposed merger.