The US Department of Justice has filed a lawsuit to block JetBlue’s planned acquisition of Spirit Airlines in a bid to prevent the airline sector from becoming too concentrated. The department has argued that the $3.8 billion merger would result in less competition and higher fares for customers. It claims that the deal would combine JetBlue’s strength in the Northeast and Florida with Spirit’s foothold in the south, leading to a monopoly on multiple routes. The lawsuit comes as transportation officials are also monitoring the deal closely. JetBlue’s proposed acquisition of Spirit Airlines was first announced in December last year.
NYLI MacKay High Income ETF Q1 2025 Commentary Reveals Surprising Trends That Could Change Your Investment Strategy!
New York – The NYLI MacKay High Income ETF delivered a compelling performance during the first quarter of 2025, reflecting the dynamic shifts in the fixed income market. Investors closely monitored the evolving economic landscape as interest rates and inflation rates influenced market behavior. As the Federal Reserve continued its efforts to combat inflation through rate adjustments, many fixed-income assets experienced volatility. The NYLI MacKay ETF navigated these fluctuations while strategically positioning its portfolio to capture potential gains. The fund’s allocation strategy emphasized sectors that ... Read more