JetBlue Airways may have lost its court battle over the proposed merger with Spirit Airlines, but it's not such a bad outcome for the low-cost carrier.
Shares of Spirit Airlines plunged nearly 50% Tuesday after a federal judge blocked JetBlue Airways' (NASDAQ:JBLU) plan to purchase the budget airline for $3.8 billion.  The ruling is a win for the U

US judge blocks JetBlue-Spirit airline merger

03:53pm, Tuesday, 16'th Jan 2024
A US federal judge on Tuesday ruled against JetBlue's $3.8 billion takeover of low-cost carrier Spirit Airlines, saying that the deal would reduce competition.
The U.S. government's suit to block JetBlue's acquisition of Spirit was successful, casting the future of both companies into doubt. JetBlue comes out better of the two sides, given the deal was expen
Spirit Airlines (SAVE) shares dumped more than 50% on Tuesday after a judge blocked its proposed merger with rival JetBlue (JBLU).

Judge blocks $3.8B JetBlue-Spirit merger

02:20pm, Tuesday, 16'th Jan 2024
A federal district court on Tuesday blocked JetBlue Airways' proposed $3.8 billion acquisition of budget carrier Spirit Airlines after the judge found the merger would hurt competition.
A federal judge in Boston found that JetBlue Airways can't complete its $3.8 billion acquisition of Spirit Airlines. George Ferguson has more.
Ruling marks victory for Biden government and its effort to preserve lower cost airline tickets for American consumers
The judge agreed with the Justice Department that the deal would eliminate a competitor important to price-conscious travelers.
SAVE stock tanked Tuesday after a federal judge blocked JetBlue's $3.8 billion acquisition of Spirit Airlines.
Spirit Airlines' stock plunged as much as 60% on Tuesday following news that a federal judge blocked its $3.8 billion acquisition at the hands of JetBlue Airways, scoring a win for the Justice Departm
The ruling marked a victory for the Biden administration in its efforts to preserve competition among the lowest cost airlines.
A federal judge blocks the merger of JetBlue and Spirit Airlines.

Judge blocks JetBlue-Spirit merger

01:14pm, Tuesday, 16'th Jan 2024
CNBC's Phil LeBeau reports on a judge's decision to block a merger between Spirit Airlines and JetBlue.
JetBlue's proposed $3.8 billion purchase of discounter Spirit would have produced the country's fifth-largest airline.
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