Search results
Results from the WOW.Com Content Network
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.
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 ...
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 ...
Show comments. 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 ...
JetBlue Airways and Spirit Airlines filed an appeal late Friday of the federal court ruling from earlier this week that had blocked ... Spirit Airlines said its revenue should come in at $1.32 ...
In a ruling on January 16, 2024, a federal judge blocked JetBlue's acquisition of Spirit Airlines. [124] The two airlines initially said they would appeal, but on March 4, 2024, they announced they were calling off the merger, with JetBlue paying Spirit a breakup fee of $69 million and Spirit's shareholders $400 million. [125] [126]
The Biden administration sued to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers. The ...
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]