[1/2] Airplane model is placed on displayed Spirit Airlines and jetBlue Airways logos in this illustration taken, June 21, 2022.
JetBlue CEO Robin Hayes defended the deal being challenged by the U.S. Department of Justice in federal court in Boston, saying a merger was the only way to grow JetBlue into a long-term national challenger to the dominant airlines.
"You'd never ever get to the size they are based on organic growth," he testified under questioning by JetBlue lawyer Ryan Shores.
The Justice Department counters that passengers would suffer roughly $1 billion in net harm annually if JetBlue absorbs Spirit, causing fares to rise.
The trial is a rarity for the Justice Department, which historically has approved airline mergers without trials conditioned on asset divestitures.
Persons:
Dado Ruvic, Robin Hayes, Hayes, You'd, Ryan Shores, Edward Duffy, JetBlue, District William Young, Nate Raymond, Alexia Garamfalvi
Organizations:
Airlines, jetBlue Airways, REUTERS, Rights BOSTON, JetBlue Airways, Spirit Airlines, U.S, JetBlue, U.S . Department of Justice, The Justice Department, Democratic, District of Columbia, United Airlines, American Airlines, Delta Air Lines, Southwest Airlines, Department, District, Justice Department, Thomson
Locations:
Boston, New York City, Newark , New Jersey, Fort Lauderdale . U.S