The Biden administration sued to block JetBlue Airways' US$3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers.
The Justice Department said the tie-up would especially hurt cost-conscious travellers who depend on Spirit to find cheaper options than they can find on JetBlue and other airlines.
The Justice Department lawsuit, filed in federal district court in Boston, stressed that the deal would mean the end of the nation's biggest "ultra-low-cost carrier." Those are airlines that generally provide the cheapest fares but also tend to charge more fees. JetBlue and Spirit have anticipated a legal challenge for weeks. The Justice Department had previously requested additional documents and depositions about JetBlue's proposal to buy Spirit, the nation's biggest budget airline. Negotiations over a possible settlement failed.
In the JetBlue case, the Justice Department was under pressure from Democratic lawmakers and consumer advocates who have complained about a wave of earlier mergers that left fewer airlines holding a greater share of the market. JetBlue and Spirit together would control a little over 9% of the domestic air-travel market, far smaller than American, Delta, United and Southwest. JetBlue executives repeatedly said their deal was not like Pepsi buying Coca-Cola -- a line that Hayes repeated Tuesday.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
U.S. sues to block JetBlue’s $3.8-billion purchase of Spirit AirlinesThe Biden administration said on Tuesday that the deal would reduce competition and drive up air fares for consumers
Lire la suite »
Ke Huy Quan And Quinta Brunson React To Film Independent Spirit Awards WinsKe Huy Quan takes home Best Supporting Performance at the 2023 Film Independent Spirit Awards on Saturday and shares how working as a crew member in his time away from acting helped his filmmaking perspective. Plus, Lead Performance in a New Scripted Series winner Quinta Brunson discusses Wanda Sykes' influence on her.
Lire la suite »
Sydney Sweeney Is a Free Spirit | Elle CanadaSydneySweeney, one of Hollywood’s hottest young actors, tells us about her new role with ArmaniBeauty, her favourite products and how she expresses herself through makeup.
Lire la suite »
U.S. pressures airlines to commit to ending family seating feesThe U.S. Department of Transportation is unveiling a new government dashboard highlighting airline commitments after its review found no airlines previously guaranteed fee-free family seating
Lire la suite »
Airlines vital to life in the North facing headwinds from worker shortagesAirlines that operate in the North -- where many residents rely on flights for transportation and goods -- say disruptions from the COVID-19 pandemic, a Canada-wide pilot shortage and new fatigue regulations are creating headwinds.
Lire la suite »
Airlines vital to life in the North facing headwinds from worker shortagesAirlines that operate in the North -- where many residents rely on flights for transportation and goods -- say disruptions from the COVID-19 pandemic, a Canada-wide pilot shortage and new fatigue regulations are creating headwinds.
Lire la suite »