The US Supreme Court on Monday turned away a bid by American Airlines (AAL) to overturn a decision that found that its former partnership with JetBlue (JBLU) in the US Northeast violated antitrust law, multiple media outlets reported.
The partnership, called the "Northeast Alliance," allowed the two airlines to coordinate flights and share revenue in New York and Boston, the reports said.
The Justice Department sued in 2021, arguing the deal would reduce competition and hurt consumers by removing incentives for American Airlines to lower prices. A lower court agreed with the Justice Department, and JetBlue ended the alliance in 2023, according to the reports.
American Airlines appealed, claiming the decision went too far and could block future business partnerships that help competition. However, the 1st US Circuit Court upheld the ruling, and now the Supreme Court has declined to review it, the reports said.
American Airlines and JetBlue didn't immediately reply to MT Newswires' requests for comments.
Price: 11.26, Change: -0.02, Percent Change: -0.22
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。