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DALLAS — A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition.
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.
Shares of Spirit, which have lost most than half their value since the original court decision blocking the deal on Monday, jumped 10% in after-hours trading on news of the appeal. Meanwhile ...
JetBlue and Spirit Airlines announced Monday they are no longer planning to merge after facing opposition from the Biden administration. In January, a federal judge sided with the Biden ...
Shares of JetBlue Airways Corp. rose more than 5% before the market opened, while Spirit's stock slipped more than 13%. This article originally appeared on USA TODAY: JetBlue, Spirit Airlines end ...
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 Airlines, Inc., stylized as spirit, is a major American ultra-low cost airline headquartered in Dania Beach, Florida, in the Miami metropolitan area. Spirit operates scheduled flights throughout the United States, the Caribbean, and Latin America. Spirit was the seventh largest passenger carrier in North America as of 2023, as well as ...
WASHINGTON/BOSTON (Reuters) -JetBlue Airways and Spirit Airlines said on Friday they will appeal a federal judge's ruling that blocked the air carriers' planned tie-up on the grounds that the ...