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Spirit JetBlue merger blocked by U S judge strengthens airline oligarchy
U S District Judge William Young blocked JetBlue's 3.6 billion takeover of Spirit arguing the deal would reduce competition. Spirit, facing insolvency risk, saw shares plunge while rivals like Southwest benefited from potential Spirit exit. The ruling highlights concerns about market power among four major U S carriers and potential fare impacts on routes from Chicago O'Hare.
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