JetBlue on Tuesday began defending its proposed $3.8 billion takeover of Spirit Airlines, over the U.S. Department of Justice'sThe deal would create America's fifth-largest airline, and be the domestic industry's first major merger since Alaska Air bought Virgin America in 2016. But if JetBlue loses in court, its long-term survival becomes an open question.
The Big Four airlines also have seen stock price declines in 2023, but only Southwest has experienced anything like JetBlue . JetBlue, meanwhile, will argue that the merger would force the Big Four to lower some of their prices because it will increase competition on certain routes.JetBlue talks about how its "routes are concentrated on the East Coast" and that it cannot currently hope to compete on a nationwide basis.
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