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Tuesday's ruling could open the door for Frontier Airlines to make another attempt to buy Spirit. The two budget airlines announced a cash-and-stock deal in 2022, only to have JetBlue make an all ...
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 ...
JetBlue Airways announced Monday it is pulling out of its deal to purchase Spirit Airlines. ... JetBlue pulls out of deal to buy Spirit Airlines. Chris Isidore, CNN. March 4, 2024 at 10:21 AM ...
Spirit Airlines' $3.8 billion sale to JetBlue isn't dead yet. The carriers said Friday that they will appeal a ruling by a federal judge earlier this week that blocked the deal on antitrust grounds.
Following a trial, a federal judge blocked JetBlue's acquisition of Spirit Airlines on January 16, 2024, citing that the deal was anticompetitive towards other airline corporations and would harm consumers. As a result, Spirit Airlines' stock fell by approximately 47%, and the airline expressed concern over its future.
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, which tried to buy Virgin America in 2016 but lost a bidding war with Alaska Airlines, topped Frontier’s stock-and-cash offer in April. JetBlue overcame the opposition of Spirit’s ...
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 ...