JetBlue won’t appeal ruling to block American Airlines partnership, will focus on Spirit acquisition

FAN Editor

Los Angeles, CaliforniaJan. 11, 2023Flights prepare to take off at LAX on Jan. 11, 2023 after an FAA computer problem. 

Carolyn Cole | Los Angeles Times | Getty Images

JetBlue Airways said Wednesday that it won’t appeal a federal judge’s decision to block its partnership in the northeast U.S. with American Airlines. American said last month that it would challenge the ruling.

New York-based JetBlue is in the process of trying to acquire budget carrier Spirit Airlines, a deal that has already been challenged by the Justice Department as the Biden administration seeks to crack down on consolidation it finds hurts competition.

JetBlue’s deal to buy Spirit came together after JetBlue and American launched a partnership in the Northeast. The so-called Northeast Alliance, approved during the last days of the Trump administration, allows the two carriers to share passengers and revenue and to coordinate schedules.

But a federal judge ruled in May that that partnership was anticompetitive, ordering the two airlines to undo the alliance.

This is breaking news. Check back for updates.

Free America Network Articles

Leave a Reply

Next Post

10-year Treasury yield jumps as traders absorb Fed meeting minutes

The 10-year U.S. Treasury yield rose Wednesday as markets reopened after the Fourth of July holiday and investors absorbed the release of the Federal Reserve’s latest meeting minutes. The benchmark 10-year Treasury rose by more than 7 basis points to 3.932%. The yield on the 2-year Treasury was little changed […]

You May Like