BLOOMBERG Executives for JetBlue Airways Corp and Spirit Airlines Inc met with Justice Department officials in a final bid to persuade the antitrust agency to approve their $3.8 billion merger, said people familiar with the matter. The agency is expected to decide whether to challenge the deal in the next several weeks, the people said, asking not to be named ...

BLOOMBERG American Airlines Group Inc Chairman Doug Parker, a longtime advocate for consolidation who oversaw a merger that made the carrier the world’s largest, plans to retire from the board, a little over a year after stepping down as chief executive officer. Greg Smith, a former Boeing Co chief financial officer who joined the airline’s board in January 2022, will ...

BLOOMBERG Alibaba Group Holding Ltd is pushing aggressive cost-cutting to boost profit as growth in its domestic China market remains anemic, a conservative shift for a tech giant that once spent aggressively to dominate wide swaths of the economy. The online retailer reported net income rose a better-than-anticipated 69% to 46.8 billion yuan ($6.8 billion), but revenue rose just 2.1% ...