#Federal judge blocks .8B merger of Spirit, JetBlue

#Federal judge blocks $3.8B merger of Spirit, JetBlue

A federal judge on Tuesday blocked JetBlue Airways’ proposed $3.8 billion purchase of Spirit Airlines, arguing it would reduce competition and hurt consumers. In a court filing Tuesday, U.S. District Judge William Young said the acquisition, which would have made JetBlue the fifth-largest airline, would “substantially lessen competition” in violation of the Clayton Act, which…

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