JetBlue, Spirit merger 'could go either way' : Analyst

), which would create the 5th largest U.S. carrier. JetBlue contends the deal is critical for growth and competing with bigger airlines, but the Justice Department argues it would raise costs and limit options for budget flyers. Citi Airline analyst Steve Trent says the merger"could go either way." While JetBlue would benefit from added planes and pilots, both airlines are losing money this year and Spirit's losses could last through 2025.

Warren Buffett's idea to borrow money in Japan at rock-bottom interest rates and invest it in high-yielding stocks was inspired, Charlie Munger says. Bill Gates' former assistant is the world's 5th-richest person — and he's close to overtaking the Microsoft cofounder Rising interest rates and inflation have Canadians stressing about mortgage payments, survey suggests

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Spirit Airlines CEO defends JetBlue merger in US antitrust trialExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

U.S. Department of Justice Seeks to Block JetBlue's Acquisition of Spirit AirlinesThe U.S. Department of Justice is going to trial to prevent JetBlue Airways from acquiring Spirit Airlines in a $3.8 billion deal. The trial aims to maintain competition among low-cost airlines and ensure affordable air travel for U.S. consumers.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

US seeks to block JetBlue, Spirit Airlines merger at trialThe U.S. Department of Justice heads to trial on Tuesday to urge a federal judge to block JetBlue Airways' planned $3.8 billion acquisition of ultra-low-cost...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

US seeks to block JetBlue, Spirit Airlines merger at trialExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

JetBlue’s Spirit Deal Painted as Attempt to Eliminate Low-Cost RivalJetBlue Airways Corp.’s $3.8 billion deal to acquire Spirit Airlines Inc. is an effort to get rid of a low-cost rival and boost ticket prices across a wider network of flights, a US Justice Department lawyer told a judge at the start of an antitrust trial in Boston.
Source: BNNBloomberg - 🏆 83. / 50 Read more »