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Democratic Senator Richard Blumenthal said a proposed partnership between United Airlines and smaller JetBlue Airways could harm competition and lead to fewer and more expensive options for consumers.
Delta Air Lines posted record revenues for the second quarter on Thursday. Falling demand for economy has led to capacity cuts, but premium seats continue to boom.
Airline investors are feeling bullish following strong results from Delta Air Lines, meaning stocks including JetBlue Airways (JBLU 9.34%) are enjoying a tailwind. Shares of JetBlue were up 10% as of 1 p.m.
If you've been following the mainstream financial media lately, you might think the airline industry is in crisis. From headlines about tariffs and labor costs to geopolitical tensions and delays at Newark Airport, it sounds like air travel should be tanking.
JetBlue Airways and United Airlines on Thursday asked the U.S. Transportation Department to reject a complaint filed by Spirit Airlines over their proposed partnership.
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