DOJ Looks to Block JetBlue Acquiring Spirit Airlines

Need2Know Headlines

A US. Department of Justice is urging a federal judge to block jetblue from purchasing Spirit Airlines. The plan acquisition is for $3.8 billion. The federal court case in Boston to block the deal is part of the Biden administration's effort to preserve competition amongst low cost airlines, which spirit of course is widely known for the justice department attorney says the deal would lead to fewer flights and seats and an increase in prices. Adding that jetblue internal analysis projected its prices would go up 30% following this acquisition.