JetBlue and Spirit end $3.8B merger. Here's why | AP News
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 Announces Termination of Merger Agreement with Spirit
Mar 4, 2024 · NEW YORK--(BUSINESS WIRE)-- JetBlue (NASDAQ: JBLU) today announced that it has reached an agreement with Spirit Airlines (NYSE: SAVE) to terminate their July 2022 merger agreement.
JetBlue and Spirit Airlines terminate $3.8 billion merger - NBC News
Mar 4, 2024 · JetBlue Airways and Spirit Airlines on Monday said they were terminating their merger agreement weeks after losing a federal antitrust lawsuit that challenged the deal. The news comes weeks after ...
What to know about the blocked JetBlue-Spirit Airlines merger | AP News
Jan 17, 2024 · The prospect of a JetBlue-Spirit Airlines merger has taken a major hit in court. A federal judge on Tuesday sided with the Biden administration and blocked the $3.8 billion deal to combine the two carriers.
JetBlue scraps $3.8 billion deal to buy Spirit Airlines - CBS News
Mar 5, 2024 · JetBlue Airways is ending its quest to buy Spirit Airlines more than a month after a federal judge blocked the $3.8 billion deal because of antitrust concerns.
JetBlue and Spirit Call Off Their $3.8 Billion Merger
Mar 4, 2024 · JetBlue said it would pay Spirit $69 million to terminate the deal, which federal antitrust regulators blocked.
JetBlue and Spirit to Create a National Low-Fare Challenger to …
JetBlue and Spirit will continue operating independently until closing. The airlines will continue to operate independently until after the transaction closes and their respective loyalty programs remain unchanged and customer accounts will not be affected in any way.
The JetBlue-Spirit Airlines merger was blocked by a federal judge.
Jan 16, 2024 · The judge ruled that JetBlue’s purchase of Spirit, the nation’s largest low-cost airline, would harm competition — and increase prices for air travelers as a result.
JetBlue tells Spirit Airlines that it may terminate its $3.8 billion ...
Jan 26, 2024 · NEW YORK (AP) — JetBlue Airways warned that it may end its bid to acquire low-cost carrier Spirit Airlines as soon as this weekend after a federal judge blocked the deal, sending Spirit shares sharply lower Friday.
Judge Blocks JetBlue From Acquiring Spirit Airlines
Jan 16, 2024 · A federal judge on Tuesday blocked JetBlue Airways’ proposed $3.8 billion acquisition of Spirit Airlines, a victory for the Department of Justice, which argued that the deal would harm...