The Department of Justice under former President Joe Biden’s administration blocked the deal in 2024, alleging that it would allow the merged company to charge higher fares and exercise too much market power. The DOJ was proven wrong — while it fixated on a cost of potential monopolistic behavior, it neglected the potential cost of Spirit going out of business and being unable to compete with Delta, United and American. Regulators should have weighed both risks. Instead, they chose the certai...

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