JetBlue Airways estimates that it could raise fares on some routes by up to 40% if it succeeds in buying Spirit Airlines and eliminating the low-fare carrier...
JetBlue Airways estimates that it could raise fares on some routes by up to 40% if it succeeds in buying Spirit Airlines and eliminating the low-fare carrier as a competitor on those routes.
JetBlue JBLU, -2.38% said Thursday that information from the filings is being taken out of context to distort the facts. Even before the government lawsuit, lawyers for about two dozen consumers sued JetBlue and Spirit SAVE, -6.19% last November in U.S. district court in Boston, claiming that the merger would reduce competition and lead to higher prices.
The revelation was first reported by Law360, which covers legal news. Law360 told USA Today that the documents are no longer posted publicly.
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