Justice Department sues to block JetBlue and Spirit Airlines merger l GMA

Justice Department sues to block JetBlue and Spirit Airlines merger l GMA



Now to the nearly four billion dollar potential merger between JetBlue and Spirit Airlines. The Justice Department is suing to stop the deal. Gio Bonitas is back now with what this could mean for airfare. Good morning again Gio. Hey Robin, good morning again. Yeah that merger would create the America's fifth largest airline in this country but again as you said the Justice Department wants to block it. Let's go ahead and take a look at that lawsuit here.

DOJ saying that JetBlue's acquisition of Spirit would eliminate the largest and fastest growing ultra-cost carrier in the United States going on to say that if the acquisition is approved JetBlue plans to abandon Spirit's business model, remove seats from Spirit's planes and charge Spirit's customers higher prices. Now JetBlue and Spirit they've already fired back saying they plan to keep going with the merger anyway and that the big four airlines have a lock on about 80% of the market. JetBlue's combination with Spirit allows it to create a compelling national challenger to these dominant airlines. Look the bottom line here is the government really believes that Spirit as its own airline actually helps lower prices across the airline industry. And that's what the consumer care about Gio. Thank you so much for that. Well hey there GMA fans.

Robin Roberts here. Thanks for checking out our YouTube channel. Lots of great stuff here so go on click the subscribe button right over right over here to get more of awesome videos and content from GMA every day anytime. We thank you for watching and we'll see you in the morning on GMA.



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