The $3.8 billion merger would create the nation's fifth largest airline.
The Justice Department on Tuesday filed a lawsuit to stop the proposed merger between JetBlue and Spirit Airlines.
The $3.8 billion merger would create the nation's fifth largest airline, and would be the first U.S. airline merger since 2016 when Alaska Airways bought Virgin Atlantic.
JetBlue and Spirit airplanes at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Fla., May 21, 2022.
Bloomberg via Getty Images, FILE
In anticipation of a DOJ lawsuit, JetBlue said a merger with Spirit would bring down costs for customers.
"The Big Four airlines have a lock on about 80% of the market," the company said in a statement. "JetBlue’s combination with Spirit allows it to create a compelling national challenger to these dominant airlines, while also ensuring [ultra low cost carrier] options remain available in overlap markets."
The company said it's already made changes ahead of the merger and their routes do not overlap.
"JetBlue’s unique combination of low fares and great service is a competitive force that keeps the legacy carriers on their toes and results in lower fares," the company said.
This is a developing story. Please check back for updates.
