politics
Spirit Airlines Shuts Down After Failed JetBlue Merger, Cutting 17,000 Jobs
Spirit Airlines has announced it is shutting down, leading to the loss of 17,000 jobs. The move follows the Biden administration's blocking of a proposed acquisition by JetBlue in 2024. The airline had faced ongoing struggles, including two bankruptcies.
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Com reported. The shutdown resulted in 17,000 Americans losing their jobs, according to the report. The Biden Justice Department blocked JetBlue’s bid to buy Spirit in 2024.
Lina Khan served as the Federal Trade Commission chief during the Biden administration, while Pete Buttigieg served as Transportation Secretary during that time. Khan and Buttigieg cheered the blocking of JetBlue’s bid to buy Spirit. Spirit Airlines had been struggling for years, including two bankruptcies.
U.S. airline market. The report noted that the sale of Spirit would have been smoother for consumers and employees, and likely left JetBlue better able to challenge the major carriers.
Instead, the major carriers are now a bit more powerful, according to the coverage.
