JetBlue-Spirit Merger Faces Major Roadblock

01:00pm, Wednesday, 08'th Mar 2023
The Department of Justice is suing to block JetBlue's $3.8 billion acquisition of Spirit Airlines citing antitrust concerns.
Yahoo Finance Live's Dave Briggs and Seana Smith look back on some of today's biggest headlines and what to look out for throughout the week.
The US Justice Department on Tuesday sued to block a $3.8 billion JetBlue-Spirit airline merger, saying that the combination would harm consumers and violate antitrust law.
The US Justice Department challenged JetBlue Airways Corp.'s $3.8 billion acquisition of Spirit Airlines Inc. Tuesday, filing an antitrust lawsuit seeking to block the deal. Attorney General Merric
If JetBlue buys Spirit Airlines, airfares would rise for consumers across the board, the US argues in a new lawsuit filed to block the merger.
The US Justice Department is suing to stop JetBlue's proposed $3.8 billion deal to buy discount carrier Spirit Airlines, the first time in more than 20 years that the government has sought to block a
The Justice Department says JetBlue's acquisition of Spirit 'would eliminate the largest and fastest-growing ultra-low-cost carrier in the United States.'
Spirit shares slipped as much as 8% while JetBlue jumped 2% as investors reacted to the latest drama surrounding the discount airline.
JetBlue's takeover of Spirit would create the fifth-largest airline in the country and also eliminate Spirit.
Air-travel demand made a stronger-than-expected recovery as people are again booking flights. Major airlines are: AAL, DAL, UAL, JBLU and ALK.
Bill Baer, visiting fellow at the Brookings Institution, joins 'Squawk Box' to discuss the merger between JetBlue and Spirit Airlines, JetBlue's stance in this battle, and more.
CNBC's Phil LeBeau reports on what would be the largest major airline merger since 2016.
Yahoo Finance anchors Dave Briggs and Seana Smith discuss JetBlue's pending acquisition of Spirit airlines facing a lawsuit from the Department of Justice.
JetBlue said it saw a “high likelihood” of an antitrust suit by the Justice Department this week, but declared that the deal would foster competition.
The Department of Justice (DOJ) and Department of Transportation (DOT) are expected to take legal action against JetBlue Airways (NASDAQ:JBLU) Corporation over its proposed $3.8 billion takeover of Sp
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