AP: JetBlue’s $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competition

January 16, 2024 Media

A federal judge on Tuesday sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition.

“This is an enormous victory for travelers, workers, and local communities, and another huge win for antitrust enforcers” at the Justice Department, said William McGee, an air-travel expert at the American Economic Liberties Project.

“The days of relentless consolidation are over. We hope to see judges presiding over future airline mergers, like Alaska-Hawaiian, follow Judge Young’s lead,” McGee said.