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Judge blocks JetBlue-Spirit merger in a major win for Biden's Justice Department
JBLUJetBlue(JBLU) CNBC·2024-01-16 18:04

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York.A federal judge blocked JetBlue Airways' purchase of budget rival Spirit Airlines, a major win for Biden's Justice Department, which sued to stop the merger, alleging it would drive up fares for some of the most price-sensitive consumers.JetBlue's proposed $3.8 billion purchase of discounter Spirit would have produced the country's fifth-largest airline, a deal the carriers said would help them better grow and compete aga ...