President Biden on Tuesday hailed the decision by a federal judge to block the merger of Spirit Airlines and JetBlue Airways, calling it a win for consumers. “Capitalism without competition isn’t capitalism – it’s exploitation,” Biden said in a statement. “Today’s ruling is a victory for consumers everywhere who want lower prices and more choices. My Administration will continue to fight to protect consumers and enforce our antitrust laws.” JetBlue proposed buying Spirit for $3.8 billion, an acquisition that would have made it the fifth-largest airline. U.S. District Judge William Young, earlier Tuesday, said the acquisition would …
