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

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CEI’s Jessica Melugin is cited on the Associated Press about the buyout of Spirit Airlines/Jet Blue buyout:

“Blocking a merger of smaller competitors trying to combine resources and scale up to compete with the top four airlines makes little sense,” said Jessica Melugin, an antitrust expert at the Competitive Enterprise Institute, which opposes government intervention in the market. “It risks making both Spirit and JetBlue less able to compete with the big guys and ultimately leaving the airline industry less competitive, harming consumers.”

Read the full article on the Associated Press.