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American Airlines says DOJ complaint about JetBlue alliance is 'without merit'

·1 min read
American Airlines says DOJ complaint about JetBlue alliance is 'without merit'
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American Airlines Group Inc. said Wednesday that it believes the U.S. Department of Justice's lawsuit, which alleges the air carrier's Northeast Alliance arrangement with JetBlue Airways Corp. violates antitrust laws, is "without merit." American said it will "defend itself vigorously." Shares of both American and JetBlue rose 0.8% in Wednesday's premarket. On Tuesday, American's stock fell 2.8% and JetBlue shares shed 4.8%, while the U.S. Global Jets ETF fell 1.0% and the S&P 500 slipped 0.1%,