Judge Blocks , JetBlue-Spirit Merger.
Judge Blocks , JetBlue-Spirit Merger.
The merger was halted
on Jan. 16, CNBC reports. .
The blocked deal follows a lawsuit filed by the
U.S. Justice Department in March 2023 to stop JetBlue's $3.8 billion acquisition of Spirit Airlines.
JetBlue plans to convert Spirit’s
planes to the JetBlue layout and
charge JetBlue’s higher average
fares to its customers. , U.S. District Court Judge William Young, via decision.
The elimination of Spirit would
harm cost-conscious travelers
who rely on Spirit’s low fares, U.S. District Court Judge William Young, via decision.
JetBlue and Spirit issued a joint statement.
JetBlue and Spirit issued a joint statement.
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 while enhancing our ability
to compete with the dominant U.S. carriers. , JetBlue and Spirit Airlines, via joint statement.
The two carriers are weighing their options to
figure out where to go from here, CNBC reports. .
The two carriers are weighing their options to
figure out where to go from here, CNBC reports. .
According to JetBlue and Spirit, divestiture and other tactics should have "removed any reasonable anti-competitive concerns that the Department of Justice raised.".
According to JetBlue and Spirit, divestiture and other tactics should have "removed any reasonable anti-competitive concerns that the Department of Justice raised.".
Joanna Geraghty will take over as JetBlue's new CEO in February after Robin Hayes announced his retirement this month.