The JetBlue-Spirit tie-up is a win for Biden's judiciary

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York.

Leslie Josephs | CNBC

A federal judge has blocked JudBlue Airways' acquisition of budget rival Spirit Airlines after the Justice Department sued to stop the merger, alleging it would raise fares for some of the most expensive consumers.

JetBlue's proposed $3.8 billion purchase of discount Spirit would have created the nation's fifth-largest airline, a deal the carriers have said will help them grow and compete better against larger rivals such as Delta and United.

Leave a Reply

Your email address will not be published. Required fields are marked *