{*}
Add news
March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024 May 2024 June 2024 July 2024 August 2024 September 2024 October 2024 November 2024 December 2024 January 2025 February 2025 March 2025 April 2025 May 2025 June 2025 July 2025 August 2025 September 2025 October 2025 November 2025 December 2025 January 2026 February 2026 March 2026 April 2026 May 2026
1 2 3 4 5 6 7 8 9 10 11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
News Every Day |

We will all pay for the Democrats’ antitrust crusade that killed Spirit Airlines

Summer is almost here and many Americans are worried they won’t be able to take a vacation. The cost of airfare alone is up a whopping 18% over the same time in 2025.

Flying to the beach or Disney World has become unaffordable for many middle-class families and the future looks bleak. Spirit Airlines, a major budget air carrier, canceled all flights and announced on May 2 that it's going out of business, leaving fliers stranded with fewer low-cost options.

Spirit’s demise is the direct fault of the Biden administration, which killed a business deal that would have saved the airline. They were cheered on by key Democrats who need to be held accountable for their economic malpractice.

In 2022, Spirit and JetBlue announced they planned to merge into a new airline. The carrier would have combined the best of both businesses, leveraging JetBlue’s global scale in service of Spirit’s low prices.

DUFFY BLAMES BIDEN-BUTTIGIEG TEAM FOR SPIRIT AIRLINES COLLAPSE AFTER BLOCKED MERGER

Not only that, the deal would have created a budget competitor to the so-called Big Four — Delta, Southwest, American and United — driving down prices across the airline industry. Advantage: mom and pop flier.

More competition almost always equates to lower prices. Yet the Biden administration would spend the next two years harassing JetBlue and Spirit, blocking their merger because they decided the resulting company would be too big.

It takes a lot of nerve for a $7 trillion federal government to complain about a $3.8 billion business agreement, but then this was increasingly the norm in Washington. Helmed by left-wing radical Lina Khan at the Federal Trade Commission and then-Attorney General Merrick Garland and then-Assistant Attorney General for the Antitrust Division Jonathan Kanter at the Department of Justice, the feds’ standard for antitrust enforcement was shifting from "is this bad for the consumer?" to "are we in a mood this morning?"

TRUMP CAN REIN IN BIDEN’S OUT-OF-CONTROL ANTITRUST OPERATION

At one point, Khan and Biden had 40% of the companies on the S&P market cap under investigation. It was this arbitrary anti-business mentality that ultimately killed the Spirit-JetBlue merger. The Biden team convinced a liberal judge to rule against the deal and that was that. 

After the ruling, Garland boasted that the merger "would have caused tens of millions of travelers to face higher fares and fewer choices." Reads a bit differently now that Spirit Airlines is dead, doesn’t it? 

It wasn’t just Garland. Pete Buttigieg, who served as Biden’s secretary of Transportation, bragged about joining the harassment campaign against Spirit and JetBlue, saying he was "supporting the DOJ’s lawsuit" as well as "using our own authorities."

TRUMP HAS SET THE STAGE FOR AN AMERICAN COMEBACK AFTER BIDEN’S DISMAL ECONOMY

Democratic state attorneys general also fought the merger tooth and nail, with Colorado Attorney General Phil Weiser going so far as to call the successful challenge of the JetBlue/Spirit merger a one of the "guideposts on the road" for state enforcers to follow in the future.

And, of course, Democrat Massachusetts Sen. Elizabeth Warren tweeted that Biden’s lackeys "were right to stand up for consumers and fight against runaway airline consolidation."

In fact, it was the merger that was anti-consolidation by creating a new challenger to the Big Four. It was the merger that was pro-consumer by spurring competition and lowering airfares.

TRAVELER SLAMS 'AWFUL' EXPERIENCE OF CANCELED FLIGHTS AS BUDGET AIRLINE ANNOUNCES CREDITOR AGREEMENT

And it was the merger that would have kept Spirit Airlines alive, saving 17,000 jobs.

Only eight months after the JetBlue-Spirit deal was blocked, Spirit announced it was filing for bankruptcy. It would do so again less than a year later.

Now, not only is Spirit gone, JetBlue could be next. The company has been struggling financially since the merger was blocked, with one estimate placing JetBlue’s odds of filing for bankruptcy this year at "greater than 75 percent."

As for summer vacationers, data from Cirium Analytics estimates that Spirit’s budget pricing helped lower airfares by 14%. Meaning the cost of flying is about to surge, again.

Such bedlam at the airport lies at the doorstep of Democrats, who see government bureaucrats as an enlightened caste able to better manage the lives of businesses and consumers. To them, antitrust is just another tool to be wielded by these benevolent overseers.

CLICK HERE FOR MORE FOX NEWS OPINION

The Spirit fiasco shows how wrong they are. What Buttigieg, Garland and Khan really gave us was less competition, fewer options for consumers, higher prices, fewer jobs and more economic power concentrated in established companies.

 Hopefully, the Trump administration uses this moment to institute a course correction.

The White House should use this moment in time to have a heart to heart with the lawyers and bureaucrats inside the Department of Justice and Federal Trade Commission, instructing them to only interfere in future mergers that pose clear demonstrable harms to consumers and the competitive marketplace.

It came too late to save Spirit, but the time is now to consign Democrat economics to the dustbin of history. Spirit Airlines — to say nothing of hard-working American families — deserved better. 

Ria.city






Read also

Mexican senator accuses Sheinbaum of shielding ‘narco-politicians’ after US cartel indictment

High school counselor busted for allegedly having sex with student on campus

Orioles pitcher takes part in gender reveal as he walks off mound following relief appearance

News, articles, comments, with a minute-by-minute update, now on Today24.pro

Today24.pro — latest news 24/7. You can add your news instantly now — here




Sports today


Новости тенниса


Спорт в России и мире


All sports news today





Sports in Russia today


Новости России


Russian.city



Губернаторы России









Путин в России и мире







Персональные новости
Russian.city





Friends of Today24

Музыкальные новости

Персональные новости