US judge blocks JetBlue from $3.8bn Spirit Airlines acquisition

A federal judge on Tuesday blocked JetBlue Airways’ planned $3.8bn acquisition of ultra-low cost carrier Spirit Airlines after agreeing with the US justice department the deal would reduce the availability of low-priced air tickets.The ruling by William Young in Boston marked a victory for the Biden administration in its efforts to preserve competition among the lowest cost airlines to ensure that air travel remains affordable for more US consumers and raised doubts about another recently proposed deal.Youn ...