The Deal: JetBlue's Prospects Take Off  Tickers in this article:
JBLU  NEW YORK (TheStreet) -- JetBlue Airways is a popular
choice among investors hoping to capitalize on regulators
playing hardball with merger partners AMR Corp. and US Airways .
There's logic to that strategy, but the wager is still a long
shot to pay off.  The Department of Justice stunned markets Aug.
13 by filing a lawsuit seeking to block the proposed $11 billion
union of US Airways and the parent of American Airlines Inc. In
the days since, some strategists have floated discounters
including JetBlue as possible beneficiaries from the regulatory
spat, noting that Justice's decision to block AT&T from
acquiring T-Mobile USA set off a wave of second-tier
consolidation in the telecom business.  The case for JetBlue is
particularly appealing, as the New York-based airline could
benefit regardless of whether the US Airways-AMR deal is
ultimately approved.  Should the DOJ and the airlines eventually
settle, as many expect, JetBlue would be at