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American Airlines, JetBlue stocks drop on report DOJ preparing to sue over alliance

American Airlines, JetBlue stocks drop on report DOJ preparing to sue over alliance

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The Justice Department is readying a lawsuit challenging American Airlines Group Inc.’s AAL, -2.58% partnership with JetBlue Airways Corp. JBLU, -3.97% on antitrust concerns, The Wall Street Journal reported, citing people familiar with the matter. The suit could come as soon as today, and is expected to argue that the alliance hurts competition and would result in higher fares, the newspaper reported.

...read full article on Market Watch

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