The Supreme Court won’t decide whether American Airlines (AAL) should have been allowed to partner with JetBlue (JBLU) a venture the airline said benefited travelers in the Northeast, Reuters reports. The Justice Department and a coalition of states challenged the American-JetBlue agreement in 2021, saying it hurt consumers by reducing competition in key air-travel markets, and lower courts sided against the airlines. Lawyers for the airline have argued that there is no evidence that letting them work together led to higher fares or reduced service.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAL:
- American Air tells Bloomberg technology issue causing flight delays
- AAL, LUV, DAL: Canada Considers Opening Skies to Foreign Airlines
- Notable open interest changes for June 18th
- American Airlines price target lowered to $14 from $15 at Bernstein
- JetBlue Stock (JBLU) Drops after CEO Warns that Financial Struggles Will Continue