The Justice Department is readying a lawsuit challenging American Airlines Group Inc.'s undefined partnership with JetBlue Airways Corp. undefined on...
The Justice Department is readying a lawsuit challenging American Airlines Group Inc.'s AAL, -1.99% partnership with JetBlue Airways Corp.
on antitrust concerns, The Wall Street Journal reported, citing people familiar with the matter. The suit could come as soon as today, and is expected to argue that the alliance hurts competition and would result in higher fares, the newspaper reported. The alliance was announced in July 2020. In midday trading Tuesday, shares of American Airlines were down more than 2% and shares of JetBlue fell more than 3%, compared with a loss of around 0.9% for the U.S. Global JETS ETF JETS, -0.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. set to challenge American-JetBlue partnership, WSJ reportsThe airlines' 'Northeast Alliance' partnership was announced in July 2020 and approved by the U.S. Transportation Department six months later.
Weiterlesen »
Stocks drop the most since May on worries over China and the FedU.S. stocks had their biggest drop since May as traders worried about potential ripple effects if a heavily indebted Chinese real estate company defaults and the likelihood that the Federal Reserve will signal that it will pull back its supports for markets and the economy
Weiterlesen »
The stock market may be losing steam. Is it time to sell?A storm of threats to the market have pushed stocks into the red recently. Here are some things to keep in mind before you rush for the exits.
Weiterlesen »
Opinion | Did Biden write the manual for prosecuting Trump 30 years ago?DOJ needs to appoint a special prosecutor to hold Trump accountable for his actions.
Weiterlesen »
American Samoa reports its first case of the coronavirus, 18 months into the pandemicThe U.S. territory’s acting governor and health officials said their first case of Covid-19 was of a resident who returned to America Samoa from Hawaii.
Weiterlesen »
American Samoa reports its first case of coronavirus, 18 months into the pandemicThe U.S. territory’s acting governor and health officials said the islands’ first case of Covid-19 was of a resident who returned to America Samoa from Hawaii.
Weiterlesen »