Airline-Industry

JetBlue-Spirit Merger Blocked by Court, Rare Victory for Biden Antitrust Enforcers

2024-01-16 00:00:00 +0000 UTC | Importance: 8/10

U.S. District Judge William Young blocked JetBlue Airways’ $3.8 billion acquisition of low-cost rival Spirit Airlines on January 16, 2024, handing the Biden administration a significant victory in preserving airline competition. Judge Young ruled that the merger would harm competition and …

Department of Justice JetBlue Airways Spirit Airlines Judge William Young antitrust doj airline-industry merger-enforcement biden-administration +1 more

Eastern Airlines Strike Leads to Corporate Liquidation, Frank Lorenzo's Union Destruction Model

1989-03-04 00:00:00 +0000 UTC | Importance: 8/10

The International Association of Machinists begins a strike against Eastern Airlines on March 4, 1989, joined by pilots and flight attendants in solidarity action that effectively grounds the carrier. The strike targets Frank Lorenzo, whose Texas Air Corporation acquired Eastern in 1986 and …

Eastern Airlines Frank Lorenzo International Association of Machinists Air Line Pilots Association Texas Air Corporation labor strike airline-industry corporate-raider union-destruction +1 more