JetBlue Airways may become a takeover target for AMR’s American Airlines or US Airways Group if federal regulators succeed in derailing AMR’s merger, Bloomberg reported.
JetBlue’s smaller size makes it less likely to raise antitrust issues and it offers a base in New York, Bloomberg reported, citing JetBlue shareholder Eagle Asset Management.
With a market value of $1.8 billion, JetBlue may be vulnerable, as its shares trail an index of the largest U.S. airlines by the most since 2006, according to data compiled by Bloomberg.
To read the entire Bloomberg story, click here.
Previously on monitordaily: WSJ: U.S. Challenges Merger of AMR, US Airways, August 14, 2013
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