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JetBlue Airways and Spirit Airlines will have to wait until June before a federal court hears their appeal of a ruling that blocked JetBlue’s proposed $3.8 billion purchase of its smaller rival.
Spirit has struggled since a federal judge blocked a planned merger with JetBlue in March over antitrust concerns. The airline had planned to merge with Frontier, but JetBlue presented a higher offer.
Why Spirit rejected Frontier's offer, twice. The competing Denver-based low-cost airline first offered to buy Spirit Airlines in 2022 but was outbid by a $3.8 billion JetBlue () deal.A federal ...
Spirit Airlines stock keeps tanking. Here's what Wall Street analysts think is next for the low-cost carrier. Here's what's next for Spirit after its blocked merger deal with JetBlue [Video]
Spirit's troubles deepened after the collapse of its $3.8 billion planned merger with JetBlue Airways in January and the impact of RTX's, Pratt & Whitney Geared Turbofan engines snag that grounded ...
Spirit Airlines may file for Chapter 11 as it faces major debts after a merger with JetBlue failed. The airline is saddled with debt of about $3.3 billion.
JetBlue Airways and Spirit Airlines filed an appeal late Friday of the federal court ruling from earlier this week that had blocked their proposed merger on antitrust grounds.
(Reuters) -Spirit Airlines has filed for bankruptcy protection, the no-frills U.S. travel pioneer said on Monday, after struggling with years of losses, failed merger attempts and heavy debt levels.