JetBlue Airways

Earnings next week 🚀

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The planned M&A deal between JetBlue ($JBLU (+1,38 %) ) and Spirit Airlines ($SAVE ) in the amount of 3.8 billion US dollars has been ruled by a US judge due to concerns about competition prohibited.

The decision of the US federal judge
William Young found that the planned merger would impair competition in the US aviation market. affect and increase ticket prices could increase ticket prices. Per Reuters.

With United ($UAL (+0,74 %) ), American ($AAL (+0,71 %)
), JetBlue ($JBLU (+1,38 %) ) and other airlines, it is more expensive to check baggage at the airport than the service online in advance. This year, the airlines have increased the baggage fees to cover increased costs to compensate for increased costs.

One exception among the major US airlines is Southwest Airlines ($LUV (+0,07 %) ), which allows its customers to two bags free of charge free of charge. According to Chief Operating Officer Andrew Watterson this will not change in the future.

Watterson emphasized in an interview that the airlines do not 35 or 40 US dollars to handle a piece of luggage.

A federal judge in Boston on Tuesday blocked the planned merger of Spirit Airlines ($SAVE ) and JetBlue Airways ($JBLU (+1,38 %) ) valued at 3.8 billion US dollarsr blocked.

The decision was made due to concerns regarding restrictions on competition and rising air fares, which the US Department of Justice agreed with.

The shares of Spirit Airlines plunged by 47% while those of JetBlue rose. JetBlue had already announced in July 2022 the takeover which would have created the fifth-largest airline in the USA.

The Justice Department had announced in March 2023 due to competition concerns lawsuit filed due to competition concerns. To counteract these concerns JetBlue in June 2023, JetBlue sold all Spirit shareholdings at LaGuardia Airport to Frontier
Airlines ($FNT ).

In addition JetBlue in September 2023 with Allegiant ($ALGT (+0,14 %) ) on the transfer of Spirit interests at various airports. Approval was expected before yesterday's decision in the first half of 2024.