What is the issue with a merger between JetBlue and Spirit Airlines?
March 2023: U.S. Sues to Block MergerThe department said the merger would hurt consumers by raising airfares on average 30%, especially in markets where both carriers are large.
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The New York-based airline argues that buying Spirit will make it bigger and a stronger competitor to the biggest U.S. carriers.
In some sense, Spirit's bad reputation is not without merit. The airline is rightly criticized for its misleading fee system, which shows you a low price — called a “bare fare” — but has a substantial catch: The price you see frequently includes only a small personal item and the flight ticket.
DOJ sues to block JetBlue from buying Spirit Airlines The Biden administration sued on Tuesday to block the $3.8 billion purchase, saying the deal would reduce competition and drive up air fares for consumers.
In some sense, Spirit's bad reputation is not without merit. The airline is rightly criticized for its misleading fee system, which shows you a low price — called a “bare fare” — but has a substantial catch: The price you see frequently includes only a small personal item and the flight ticket.
Choosing between Spirit vs JetBlue for your next flight? The quick answer is that Spirit is an ultra-low-cost airline with limited comforts and questionable customer service. JetBlue is a low-cost airline known for its quality in customer service and comfortable cabins.
Spirit Airlines shareholders voted Wednesday to approve a merger with rival JetBlue Airways, a deal that would create the nation's fifth-largest carrier but one that will face scrutiny from federal regulators.
High Growth Earnings: JBLU's earnings are expected to grow significantly over the next 3 years. Revenue vs Market: JBLU's revenue (4.7% per year) is forecast to grow slower than the US market (7.7% per year). High Growth Revenue: JBLU's revenue (4.7% per year) is forecast to grow slower than 20% per year.
Nearly 60% of Spirit Airlines flights experience delays after technical issues with its website, app and airport kiosks. Spirit Airlines self check-in kiosks are pictured at the Oakland International Airport in Oakland, California, Tuesday, June 21, 2022.
March 7, 2023, at 10:58 a.m. The Biden administration sued to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers.