From Investing.com: 2024-11-08 16:51:58

A U.S. appeals court upheld a ruling that American Airlines’ partnership with JetBlue violated antitrust laws. The Northeast Alliance allowed the airlines to coordinate flights and share revenue. The court ruled that the arrangement resembled an agreement between powerful competitors. The Justice Department argued the alliance would harm consumers by reducing competition.

U.S. Attorney General Garland praised the court’s decision as a win for Americans who rely on affordable air travel. American Airlines disagreed with the ruling and is considering its legal options, including appealing to the Supreme Court. The alliance, approved in 2021, aimed to increase competition in the Northeast.

Following the court ruling, JetBlue ended the alliance, while American Airlines continued to pursue legal action. The Justice Department also challenged JetBlue’s attempt to acquire Spirit Airlines. American Airlines argued that the ruling would prevent them from forming similar partnerships in the future. The court’s decision could impact the airline industry’s consolidation efforts.



Read more at Investing.com: American Airlines loses US appeal of ruling barring JetBlue alliance By Reuters