US sues to stop JetBlue's deal for Spirit, cites consumer harm
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Justice Department sues to block JetBlue's proposed Spirit Airlines acquisition
March 7, 2023 1:13 PM EST(Updated - March 7, 2023 1:14 PM EST)
The Justice Department has filed an antitrust lawsuit to block JetBlue Airways' (NASDAQ: JBLU) proposed $3.8 billion acquisition of ultra-low-cost rival Spirit Airlines (NYSE: SAVE).
After a long battle between JetBlueFrontier Airlines to acquire Spirit, the low-cost carrier agreed to sell itself to JetBlue last summer. However, the acquisition faced challenges from regulators from the start. On Monday,... More
