JetBlue Airways says it will end its partnership in the northeastern U.S. with American Airlines after a federal judge ordered the carriers to end the agreement. - CNBC
. JetBlue has argued it needs Spirit in order to grow and better compete against larger airlines that dominate domestic air travel. The combined carrier would become the country’s fifth-largest.
The purchase of Spirit would give JetBlue access to more aircraft at a time when manufacturers are struggling to keep up with demand. It would also gain access to hundreds of pilots, which are also in short supply.to win approval from the Biden administration, which has vowed to challenge deals it finds harm competition.in March.
JetBlue shares were down more than 6% on Thursday morning, American was down 3% and Spirit shares were little changed.
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