From Elizabeth Warren <[email protected]>
Subject The JetBlue CEO went on TV and promised the moon
Date October 21, 2023 11:11 PM
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Warren for Senate: [link removed]

If you’ve had to book air travel recently, I don’t have to
tell you this: consumers are up against outrageous fares and limited
options.

And it might get worse.

One big airline, JetBlue, has proposed a deal to buy another, Spirit. From
industry to industry, that type of corporate consolidation has jacked up
prices and cut down on quality, with worse deals and worse service for
consumers.

[ [link removed] ]I’m fighting to break up big corporate monopolies and prevent mergers
that hurt working people. But I can’t do it alone.
Will you
add your name if you’re in this fight by my side?

[ [link removed] ]ADD YOUR NAME

Back to JetBlue for a moment. Last year, their CEO went on TV and promised
the moon. He said that the deal would “absolutely” mean lower fares.

That was the public story in March. But according to some internal company
documents that were reportedly revealed in August, JetBlue estimates the
merger could increase prices by up to 40%. Surprise, surprise: one story
in front of the cameras, another behind the scenes.

No matter how some CEOs try to spin it, consolidation in the airline
industry — and across our economy — leads to higher prices, fewer options,
and worse service for consumers.

I wrote a letter to the CEO of JetBlue calling for answers. If the reports
we’ve heard are correct, then they misled the public, and the Department
of Transportation and antitrust regulators must oppose the deal to protect
consumers.

And I’ll keep fighting back against the corporate consolidation that’s
putting Americans under the thumb of a few giants. I’ve been calling on
the administration to use all of its tools to fight back against
monopolies. And I’ve got a bill — the Prohibiting Anticompetitive Mergers
Act — to ban the most damaging mergers, restore competition, and bring
down prices for consumers.

I’ll stay in the fight — but it’s only possible because people like you
are fighting alongside me.

[ [link removed] ]Add your name if you agree: It’s time to take on big corporate
monopolies and level the playing field.

Thanks for being a part of this,

Elizabeth







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