Good. Now go after the big companies that need to be broken up.
this post was submitted on 05 Mar 2024
30 points (100.0% liked)
Politics
10179 readers
531 users here now
In-depth political discussion from around the world; if it's a political happening, you can post it here.
Guidelines for submissions:
- Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
- Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
- Do not post ragebait or shock stories. These will be removed.
- Do not post tabloid or blogspam stories. These will be removed.
- Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
On the FTC side, Lina Khan is on a roll. Every little bit of the tide turning creates momentum, and thank god we have the EU setting an example, too.
Damn, they could have achieved the dream of uniting to form the worst airline possible.
Yeah. If the alternative is Spirit's death, good; it is deserved. It will create an actual market opening for a newcomer. Anyone who complains this won't happen doesn't truly believe in capitalism after all.
No, I am pretty sure that the resulting airline would then need to merge with Rianair to achieve that dream.
🤖 I'm a bot that provides automatic summaries for articles:
Click here to see the summary
JetBlue Airways and Spirit Airlines announced on Monday that they would not seek to overturn a court ruling that blocked their planned $3.8 billion merger.
The Justice Department hailed the termination of the deal on Monday, calling it “a victory for U.S. travelers who deserve lower prices and better choices.”
“We are proud of the work we did with Spirit to lay out a vision to challenge the status quo, but given the hurdles to closing that remain, we decided together that both airlines’ interests are better served by moving forward independently,” JetBlue’s chief executive, Joanna Geraghty, said in a statement on Monday.
“JetBlue has made several valiant attempts and has stretched this deal out as a long as possible — they had to provide certainty for their shareholders and employees,” said Brad Haller, a partner at the consulting firm West Monroe.
Spirit’s chief executive, Ted Christie, said in a statement Monday that “given the regulatory uncertainty, we have always considered the possibility of continuing to operate as a stand-alone business” and have been thinking of ways to bolster profits.
Buying the airline would quickly allow other carriers to become bigger at a time when airport gates and takeoff and landing slots are in short supply in many popular U.S. destinations.
Saved 71% of original text.