JetBlue’s $3.8 Billion Buyout of Spirit Airlines Is Blocked by Judge Citing Threat to Competition

Published on January 17, 2024

DALLAS—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. The Justice Department had sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation’s biggest low-cost airline. U.S. District Judge William Young, who presided over a non-jury trial last year, said Tuesday that the government had proven that the merger “would substantially lessen competition” and violated a century-old antitrust law. In his ruling, which ran more than 100 pages, the judge gave a nod to the Justice Department’s argument that Spirit is particularly important to travelers looking for an alternative to pricier airlines....

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US Destroys 4 Missiles in Strikes Against Yemen’s Iran-backed Houthis

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