financetom
Business
financetom
/
Business
/
Biden administration launches broad inquiry into air travel competition market
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Biden administration launches broad inquiry into air travel competition market
Nov 3, 2024 11:01 AM

WASHINGTON, Oct 24 (Reuters) - The U.S. Justice

Department's Antitrust Division and the Transportation

Department said on Thursday they are launching a broad public

inquiry into the state of competition in air travel.

President Joe Biden has made boosting airline competition a

top priority and his administration has taken an aggressive

approach to blocking consolidation efforts in the airline

industry.

The Justice Department successfully sued to block JetBlue

Airways' ( JBLU ) planned $3.8 billion acquisition of

ultra-low-cost carrier Spirit Airlines ( SAVE ) and also went to

court to force JetBlue ( JBLU ) to end its U.S. northeast partnership

with American Airlines ( AAL ).

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Spruce Power Approves Up to $50 Million Stock Buyback Plan
Spruce Power Approves Up to $50 Million Stock Buyback Plan
May 26, 2025
09:29 AM EDT, 05/14/2025 (MT Newswires) -- Spruce Power Holding ( SPRU ) said Wednesday its board has approved a plan for the buyback of up to $50 million of the company's common shares on or before May 15, 2027. The program will begin upon the expiry of Spruce Power's ( SPRU ) current share repurchase program on Thursday, the...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
AbbVie, ADARx Pharmaceuticals Launch Collaboration Focused on siRNA Therapies for Multiple Diseases
AbbVie, ADARx Pharmaceuticals Launch Collaboration Focused on siRNA Therapies for Multiple Diseases
May 26, 2025
09:29 AM EDT, 05/14/2025 (MT Newswires) -- AbbVie ( ABBV ) and ADARx Pharmaceuticals said Wednesday they signed a collaboration and license option agreement to develop small interfering RNA, or siRNA, therapeutics for several disease areas including neuroscience, immunology and oncology. Under the terms of the deal, ADARx will get a $335 million upfront payment and is eligible to receive...
Informatica Enters Strategic Deal to Accelerate Customer Adoption on Microsoft Azure
Informatica Enters Strategic Deal to Accelerate Customer Adoption on Microsoft Azure
May 26, 2025
09:29 AM EDT, 05/14/2025 (MT Newswires) -- Informatica ( INFA ) said Wednesday it has entered into a new strategic agreement with Microsoft ( MSFT ) to accelerate customer adoption on the Microsoft Azure cloud platform. Under the agreement, which builds on a multi-decade collaboration between the two companies, Informatica ( INFA ) and Microsoft ( MSFT ) are working...
Copyright 2023-2026 - www.financetom.com All Rights Reserved