U.S. challenges American Airlines, JetBlue alliance at start of antitrust trial [Reuters]
American Airlines Group, Inc. (AAL)
Last american airlines group, inc. earnings: 4/30 07:30 am
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Source: Reuters
Companies American Airlines Group Inc Follow Delta Air Lines Inc Follow JetBlue Airways Corp Follow Southwest Airlines Co Follow Spirit Airlines Inc Follow BOSTON, Sept 27 (Reuters) - The U.S. Justice Department on Tuesday urged a judge to force American Airlines (AAL.O) and JetBlue Airways (JBLU.O) to scrap a partnership in the U.S. Northeast, calling it an anticompetitive deal whose harms would be exacerbated if JetBlue acquires Spirit Airlines. At the start of a three-week trial in Boston, Justice Department attorney William Jones argued the "unprecedented" partnership destroys airline competition at the expense of travelers, who face hundreds of millions of dollars in additional costs annually. He said their Northeast Alliance, unveiled in July 2020, is a "de facto merger" of their operations in Boston and New York that allowed them to coordinate flights and pool revenue in and out of Boston and New York's JFK, LaGuardia and Newark airports. "The loss
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AAL
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AAL
Earnings
- 1/25/24 - Miss
AAL
Sec Filings
- 4/11/24 - Form PRE
- 3/12/24 - Form 8-K
- 3/5/24 - Form 8-K
- AAL's page on the SEC website