Biden administration sues to block Jet Blue-Spirit merger
And the Biden administration is suing to block jet blues acquisition of South Florida based Spirit Airlines. The White House says the mega merger would cost consumers more money because ticket prices would soar. Our DC Bureau Chief Ben Kennedy is live at the White House following you all for us. Ben. Calvin Cole, we're talking about a $3.8 billion deal that the White House does not want to go through. Good afternoon, everyone.
The Biden administration announced Tuesday they are suing to stop jet blue from buying And the Biden administration is suing to block jet blues acquisition of South Florida based Spirit Airlines. The White House says the mega merger would cost consumers more money because ticket prices would soar. Our DC Bureau Chief Ben Kennedy is live at the White House following you all for us. Ben. Calvin Cole, we're talking about a $3.8 billion deal that the White House does not want to go through. Good afternoon, everyone.
The Biden administration announced Tuesday they are suing to stop jet blue from buying South Florida based Spirit Airlines. We think it's the right thing to do supporting the DOJ's lawsuit. The civil antitrust lawsuit that antitrust lawsuit would block a deal that the Department of Justice says would reduce competition and drive up air fares for consumers. We alleged that if allowed to proceed this merger will limit choices and drive up ticket prices. Garland adds that spirits demise would eliminate about half of the ultra low cost seats in the market, hurting travelers on a budget who depend on South Florida based Spirit Airlines. We think it's the right thing to do supporting the DOJ's lawsuit. The civil antitrust lawsuit that antitrust lawsuit would block a deal that the Department of Justice says would reduce competition and drive up air fares for consumers.
We alleged that if allowed to proceed this merger will limit choices and drive up ticket prices. Garland adds that spirits demise would eliminate about half of the ultra low cost seats in the market, hurting travelers on a budget who depend on spirits cheaper options. The impact of this merger will be particularly harmful for travelers who rely on what are known as ultra low cost carriers in order to fly. And to put things into perspective, JetBlue and Spirit Airlines combined would account for more than 9% of the domestic air travel market reporting live at the White House, Ben Kennedy, Local 10 News. spirits cheaper options. The impact of this merger will be particularly harmful for travelers who rely on what are known as ultra low cost carriers in order to fly. And to put things into perspective, JetBlue and Spirit Airlines combined would account for more than 9% of the domestic air travel market reporting live at the White House, Ben Kennedy, Local 10 News.