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The prospect of a JetBlue-Spirit Airlines merger took a major hit in court on Tuesday when a federal judge sided with the Biden administration and blocked the $3.8 billion deal. The judge ruled ...
Spirit shares tumbled 17% in premarket trading, while shares of JetBlue were up roughly 4%. “It was a bold and courageous plan intended to shake up the industry status quo, and we were right to ...
JetBlue and Spirit Airlines are ending their proposed $3.8 billion combination after a court ruling blocked their merger.. JetBlue said Monday that even though both companies still believe in the ...
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 judge ...
JetBlue Airways and Spirit Airlines are ending their proposed $3.8 billion merger weeks after a federal judge blocked the deal, saying it would hurt consumers who depend on Spirit's lower fares.
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.
A federal judge on Tuesday sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. The Justice ...
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 ...