A federal judge ordered last month JetBlue and American to undo their partnership in the Northeast, ruling it violated antitrust law.
New York-based JetBlue is in the process of trying to acquire budget carrier, a deal that has already been challenged by the Justice Department as the Biden administration seeks to crack down on consolidation it finds hurts competition.
"Despite our deep conviction in the procompetitive benefits of the NEA, after much consideration, JetBlue has made the difficult decision not to appeal the court's determination that the NEA cannot continue as currently crafted," JetBlue said in a statement. It said it has started terminating the agreement, "a wind down process that will take place over the coming months."JetBlue's deal to buy Spirit came together after JetBlue and American launched a partnership in the Northeast. The so-called Northeast Alliance, approved during the last days of the Trump administration, allows the two carriers to share passengers and revenue and to coordinate schedules.
But a federal judge ruled in May that that partnership was anticompetitive, ordering the two airlines to undo the alliance.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
American Airlines passenger claims fellow traveler was ‘not real’A video posted to TikTok shows a woman on an American Airlines flight who said she had to leave the plane due to a passenger she claimed was “not real.”
Read more »
Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of 'Karma'The hedge fund that filed for bankruptcy last year has been roasted by victims and crypto-industry observers in the wake of its epic collapse, but one partner, Kyle Davies, says 'karma' motivates the founders to give back.
Read more »
Singing with others for health and wellness: It can 'renew the spirit and adjust the mindset’Music can be a form of therapy, especially singing with others, according to a growing body of research examining the health and wellness benefits of this activity. Here are details.
Read more »
Americans must rekindle the Spirit of ’76As of today, Independence Day, we as a nation have three years to get ourselves together.
Read more »