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.
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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.
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.
JetBlue Airways Corporation, stylized as jetBlue, is a United States low-cost airline headquartered in the Long Island City neighborhood of the New York City borough of Queens. It also maintains corporate offices in Utah and Florida.
JetBlue's Transatlantic Expansion Continues in 2024In fall 2021, the airline made an inaugural flight into London, marking its foray into the European market. Not long after, the airline continued its transatlantic expansion with Paris and Amsterdam.