A federal judge has sided with the Biden administration, blocking JetBlue Airways from acquiring Spirit Airlines, citing concerns that the $3.8 billion deal would reduce competition and potentially increase fares.
The Justice Department argued that the merger would harm consumers by eliminating Spirit, the largest low-cost airline in the U.S.
JetBlue expressed disagreement with the ruling and is considering whether to appeal.
In a victory for the Biden administration, a US federal judge blocked the JetBlue-Spirit Airlines $3.8 billion merger on grounds that the combination would hurt competition
READ MORE: https://t.co/ijwkbGH8KC pic.twitter.com/lU4hI5j3eV— Reuters (@Reuters) January 16, 2024
“We continue to believe that our combination is the best opportunity to increase much needed competition and choice by bringing low fares and great service to more customers in more markets,” JetBlue stated.
“Spirit is a small airline. But there are those who love it. To those dedicated customers of Spirit, this one’s for you,” U.S. District Judge William Young wrote.
The decision marks a victory for the Biden administration’s efforts to prevent industry consolidation that could negatively impact consumers.
The ruling has significant implications for both airlines and may lead to further developments in the airline industry.
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