Alaska Airlines is buying Hawaiian Airlines. Will the Biden administration let the merger fly?
1 year ago

Alaska Airlines is buying Hawaiian Airlines. Will the Biden administration let the merger fly?

Associated Press  

Another proposed airline buyout is renewing debate over whether there has been too much consolidation in the industry — and whether consumers are paying the price. The Biden administration has taken a tough stance against mergers, and it is certain to take a close look at Alaska Air Group’s proposed acquisition of Hawaiian Airlines for $1 billion in cash. Alaska Airlines parent Alaska Air Group announced Sunday that it will pay $18 per share for Hawaiian — a huge premium over Hawaiian’s closing stock price on Friday. SIZE OF THE DEAL Alaska Air Group, based in Seattle, valued the deal at $1.9 billion, which includes the assumption of Hawaiian’s $900 million in net debt. Hawaiian Airlines — only a quarter the size of Alaska Air by revenue — operates flights throughout the island chain and to the U.S. mainland and also relies heavily on traffic between Asia and Hawaii.

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History of this topic

Spirit Airlines prepares for bankruptcy - sparking fears of mass route cancellations across America
1 month, 1 week ago

Spirit Airlines prepares for bankruptcy - sparking fears of mass route cancellations across America

Daily Mail  

Spirit Airlines is preparing to file for bankruptcy protection after merger talks with Frontier Airlines nosedived - sparking fears among flyers about mass cancelations. Spirit airlines share price plunged 45 percent in aftermarket trading on Tuesday after news that it was set to file for bankruptcy was reported by the Wall Street Journal. Spirit executives saw the merger with JetBlue …

Alaska Air clears a big hurdle in its proposed merger with Hawaiian Airlines
4 months ago

Alaska Air clears a big hurdle in its proposed merger with Hawaiian Airlines

Associated Press  

Alaska Air is one step closer to acquiring Hawaiian Airlines after the U.S. Department of Justice chose not to challenge the $1 billion deal that the carriers say will create a company better able to serve travelers. Alaska and Hawaiian say they have few overlapping routes and the intent of a tie-up is to allow the new airline to better …

JetBlue-Spirit Airlines $3.8b merger cancelled after judge blocked deal
9 months, 2 weeks ago

JetBlue-Spirit Airlines $3.8b merger cancelled after judge blocked deal

Hindustan Times  

JetBlue Airways Corp. formally abandoned its pursuit of Spirit Airlines Inc. more than a month after a federal judge blocked the $3.8 billion acquisition on antitrust grounds. “The lingering uncertainty is distracting and taking our resources away from more pressing priorities.” The decision ends JetBlue’s lengthy quest for Spirit and marks a sharp reversal after the companies pledged to fight …

JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
9 months, 2 weeks ago

JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal

Associated Press  

JetBlue Airways and Spirit Airlines are ending their proposed $3.8 billion merger weeks after a federal judge blocked the deal, saying it would hurt consumers who depend on Spirit’s lower fares. “Today’s decision by JetBlue is yet another victory for the Justice Department’s work on behalf of American consumers,” Attorney General Merrick Garland said in a statement. “The Justice Department …

JetBlue and Spirit end their $3.8-billion merger plan after a federal judge blocked the deal
9 months, 3 weeks ago

JetBlue and Spirit end their $3.8-billion merger plan after a federal judge blocked the deal

LA Times  

JetBlue and Spirit Airlines are ending their proposed $3.8-billion merger after a court ruling blocked the deal. JetBlue Airways and Spirit Airlines are ending their proposed $3.8-billion merger weeks after a federal judge blocked the the deal, saying it would hurt consumers who depend on Spirit’s lower fares. JetBlue’s new chief executive, Joanna Geraghty, called the merger “a bold and …

JetBlue tells Spirit Airlines that it may terminate its $3.8 billion buyout offer challenged by US
10 months, 4 weeks ago

JetBlue tells Spirit Airlines that it may terminate its $3.8 billion buyout offer challenged by US

Associated Press  

NEW YORK — JetBlue Airways warned that it may end its bid to acquire low-cost carrier Spirit Airlines as soon as this weekend after a federal judge blocked the deal, sending Spirit shares sharply lower Friday. Spirit shot back that it finds no reason to terminate the deal and will continue to meet its obligations, “and it expects JetBlue to …

With merger scuttled, Spirit Airlines faces an uncertain future. Is bankruptcy a possibility?
11 months, 1 week ago

With merger scuttled, Spirit Airlines faces an uncertain future. Is bankruptcy a possibility?

Associated Press  

Spirit Airlines hasn’t made money since before the pandemic, ticket sales haven’t bounced back as quickly as the carrier expected, and dozens of its planes will be grounded at times this year because of a problem with the engines. But a federal judge in Boston scuttled that plan by ruling Tuesday that JetBlue’s $3.8 billion proposal to buy Spirit violates …

The JetBlue-Spirit Airlines merger was blocked by a federal judge. Here’s what you need to know
11 months, 1 week ago

The JetBlue-Spirit Airlines merger was blocked by a federal judge. Here’s what you need to know

Associated Press  

NEW YORK — The prospect of a JetBlue-Spirit Airlines merger took a major hit in court on Tuesday when a federal judge sided with the Biden administration and blocked the $3.8 billion deal. The judge ruled that JetBlue’s purchase of Spirit, the nation’s largest low-cost airline, would harm competition — and increase prices for air travelers as a result. Tuesday’s …

JetBlue’s $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competition
11 months, 1 week ago

JetBlue’s $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competition

Associated Press  

DALLAS — A federal judge on Tuesday sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. “To those dedicated customers of Spirit, this one’s for you.” Young said that a JetBlue-Spirit combination “would likely place stronger competitive pressure on the larger airlines in the country. At the same …

Judge blocks JetBlue’s $3.8-billion buyout of Spirit Airlines, cites competition threat
11 months, 1 week ago

Judge blocks JetBlue’s $3.8-billion buyout of Spirit Airlines, cites competition threat

LA Times  

U.S. District Judge William Young said in a ruling Tuesday that the JetBlue-Spirit Airlines deal would “substantially lessen competition.” A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8-billion deal would reduce competition. U.S. District Judge William Young, who presided over a non-jury trial last year, said in the ruling …

Alaska Airlines is buying Hawaiian Airlines. Will the Biden administration let the merger fly?
1 year ago

Alaska Airlines is buying Hawaiian Airlines. Will the Biden administration let the merger fly?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Biden administration has taken …

Alaska Air to buy Hawaiian Airlines in a $1.9-billion deal that may attract scrutiny
1 year ago

Alaska Air to buy Hawaiian Airlines in a $1.9-billion deal that may attract scrutiny

LA Times  

Alaska Airlines has agreed to buy Hawaiian Airlines in a $1.9-billion deal that might attract the scrutiny of regulators. Alaska Airlines has agreed to buy Hawaiian Airlines in a $1.9-billion deal, potentially putting it on track for a clash with a Biden administration wary of higher airfares. Officials from both companies called the deal a chance to combine two carriers …

Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
1 year ago

Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny

Associated Press  

SEATTLE — Alaska Airlines agreed to buy Hawaiian Airlines in a $1.9 billion deal announced Sunday, potentially putting it on track for a clash with a Biden administration wary of higher airfares. Officials from both companies called the deal a chance to combine two carriers with few overlapping routes, which they said would create a stronger company to compete with …

Biden administration takes on JetBlue as its fight against industry consolidation goes to court
1 year, 1 month ago

Biden administration takes on JetBlue as its fight against industry consolidation goes to court

Associated Press  

The Biden administration’s fight against consolidation in the airline industry is being tested Tuesday as lawyers for JetBlue Airways and the Justice Department squared off in court. The trial in federal district court in Boston could reshape the market for low-cost airlines — Spirit is by far the nation’s biggest budget carrier, and it will disappear if JetBlue wins the …

Biden administration and JetBlue square off in court over Spirit deal
1 year, 1 month ago

Biden administration and JetBlue square off in court over Spirit deal

LA Times  

The Biden administration’s fight against consolidation in the airline industry is being tested in court in an antitrust lawsuit brought by the Justice Department over a deal between JetBlue and Spirit. But JetBlue lawyer Ryan Shores called the government’s objections “misguided” and told the judge that combining with Spirit was necessary for the two small carriers to better compete with …

American Airlines and JetBlue will end their partnership next week after losing antitrust case
1 year, 5 months ago

American Airlines and JetBlue will end their partnership next week after losing antitrust case

Associated Press  

NEW YORK — American Airlines and JetBlue Airways will end their partnership in the Northeast next week, after a judge ruled that the deal violates antitrust law. JetBlue said Friday that it will end codesharing – the practice of selling seats on each other’s flights – and reciprocal frequent-flyer benefits on July 21. The Justice Department sued to kill the …

JetBlue is dumping its partnership with American Airlines to salvage its purchase of Spirit
1 year, 5 months ago

JetBlue is dumping its partnership with American Airlines to salvage its purchase of Spirit

Associated Press  

JetBlue says it will end a partnership with American Airlines in the Northeast after losing a court fight over the deal, and will instead focus on salvaging its proposed purchase of Spirit Airlines. The Justice Department sued to block both the JetBlue-American deal and JetBlue’s agreement to buy Spirit for $3.8 billion on grounds that they would hurt competition. JetBlue’s …

Spirit Airlines shareholders approve $3.8B sale to JetBlue
2 years, 2 months ago

Spirit Airlines shareholders approve $3.8B sale to JetBlue

Associated Press  

Spirit Airlines shareholders voted Wednesday to accept a $3.8 billion buyout from JetBlue Airways, but the deal could still face a challenge from federal antitrust regulators. JetBlue emerged as the winner in a bidding war with Frontier to acquire Spirit, the nation’s biggest budget airline. Wall Street widely expected shareholders to approve the sale after they forced Spirit to drop …

JetBlue CEO first witness in US lawsuit against 2 airlines
2 years, 2 months ago

JetBlue CEO first witness in US lawsuit against 2 airlines

Associated Press  

Government lawyers used airline executives’ own words in trying Tuesday to persuade a federal judge to kill a partnership between American Airlines and JetBlue Airways. JetBlue CEO Robin Hayes was the first witness in the trial in federal district court in Boston over the federal government’s antitrust lawsuit against American and JetBlue. In another 2019 memo, an American Airlines executive …

US case against American Airlines and JetBlue heads to court
2 years, 2 months ago

US case against American Airlines and JetBlue heads to court

Associated Press  

DALLAS — The government’s antitrust lawsuit against American Airlines and JetBlue begins Tuesday and the outcome could determine how closely the Biden administration examines other airline deals, including JetBlue’s pending attempt to buy Spirit Airlines. The current and former CEOs of American and JetBlue’s CEO, along with senior officials from other airlines, are among potential witnesses identified by the two …

JetBlue is buying Spirit for $3.8 billion after bidding war
2 years, 4 months ago

JetBlue is buying Spirit for $3.8 billion after bidding war

Associated Press  

JetBlue Airways is buying Spirit Airlines for $3.8 billion in a deal that could increase competition at the top end of the U.S. airline industry while eliminating the largest discount airline for travelers on a tight budget. The agreement announced Thursday capped bidding war that began in April, and it came one day after Spirit’s attempt to merge with rival …

Merger vote at Spirit could reshape discount airline market
2 years, 5 months ago

Merger vote at Spirit could reshape discount airline market

Associated Press  

DALLAS — The prospect of a takeover of Spirit Airlines threatens to upend the cheap-fare end of the industry much like a series of mergers among big airlines reduced choices for travelers. Consumers, he said, “should be looking for continuation of a true low-fare, austere environment with the Spirit-Frontier combination.” Scott Keyes, the founder of Scott’s Cheap Flights travel site, …

Merger vote at Spirit could reshape discount airline market
2 years, 5 months ago

Merger vote at Spirit could reshape discount airline market

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Scott Keyes, the founder of Scott’s Cheap Flights travel …

Spirit Airlines delays shareholder meeting as it weighs Frontier, JetBlue bids
2 years, 6 months ago

Spirit Airlines delays shareholder meeting as it weighs Frontier, JetBlue bids

Live Mint  

Spirit Airlines Inc. has postponed a planned stockholder meeting on its proposed merger with Frontier Group Holdings Inc. as it weighs a competing bid from JetBlue Airways Corp. In May, JetBlue launched a hostile takeover after Spirit rejected JetBlue’s $3.6 billion bid, appealing to shareholders in hopes of pressuring Spirit management to reopen talks. William Franke, Frontier’s chairman, said that …

Spirit Airlines board urges shareholders to reject JetBlue offer
2 years, 7 months ago

Spirit Airlines board urges shareholders to reject JetBlue offer

Live Mint  

Spirit Airlines Inc.’s board is urging shareholders to reject a hostile takeover bid from JetBlue Airways Corp. and vote in favor of a tie-up with Frontier Group Holdings Inc. The board said in a statement that the unsolicited $30-per-share offer from JetBlue isn’t in Spirit’s best interest given the substantial regulatory hurdles the deal would face. Spirit Chairman Mac Gardner …

Spirit Airlines will talk to JetBlue about takeover bid
2 years, 8 months ago

Spirit Airlines will talk to JetBlue about takeover bid

Associated Press  

DALLAS — Spirit Airlines said late Thursday that it will talk to JetBlue Airways about its $3.6 billion bid to combine the two airlines, which appeared to leapfrog an earlier offer by Frontier Airlines. Spirit said that after speaking with financial and legal advisers, its directors believe JetBlue’s offer could “reasonably” turn out to be the better of the two …

Spirit Airlines will talk to JetBlue about takeover bid
2 years, 8 months ago

Spirit Airlines will talk to JetBlue about takeover bid

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

JetBlue makes offer for Spirit Airlines, could spark bid war
2 years, 8 months ago

JetBlue makes offer for Spirit Airlines, could spark bid war

Associated Press  

JetBlue Airways has offered to buy Spirit Airlines for about $3.6 billion and break up a plan for Spirit to merge with rival budget carrier Frontier Airlines. In a statement, New York-based JetBlue said combining with Spirit would lead to lower fares by creating “the most compelling national low-fare challenger” to the nation’s four biggest airlines: American, Delta, United and …

US sues to stop deal between American Airlines and JetBlue
3 years, 3 months ago

US sues to stop deal between American Airlines and JetBlue

Associated Press  

The Justice Department and officials in six states have filed a lawsuit to block a partnership formed by American Airlines and JetBlue, claiming that it will reduce competition and lead to higher fares. The Justice Department said Tuesday that the agreement will eliminate important competition in New York and Boston and reduce JetBlue’s incentive to compete against American in other …

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