According to sources familiar with the matter, JetBlue Airways has conducted detailed scenario planning for the various outcomes it may face before Washington regulators regarding possible deals with United Airlines, Alaska Air Group, or Southwest Airlines.

This move demonstrates that, after experiencing the setback of its merger deal with Spirit Airlines being blocked by a judge, JetBlue Airways is still actively exploring a variety of strategic options to enhance its competitive position and market influence. The company has conducted internal assessments of the potential intensity of antitrust scrutiny, key regulatory approval milestones, and possible remedial requirements when engaging in deals with different potential partners. Analysts believe a partnership with the larger United Airlines may face the most severe antitrust challenges, while a deal with Alaska Airlines or Southwest Airlines may be relatively easier to gain regulatory approval due to factors such as complementary route networks. Nevertheless, any significant transaction involving major airlines will be subject to strict scrutiny under the Biden administration’s policies emphasizing industry competition.