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AllSides - Balanced News
AllSides - Balanced News
2 yrs

Spirit Airlines extends slide as blocking of JetBlue merger fuels uncertainty
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Spirit Airlines extends slide as blocking of JetBlue merger fuels uncertainty

Shares of ultra-low-cost carrier Spirit Airlines (SAVE.N)‚ opens new tab fell 17% in morning trade on Wednesday‚ a day after a U.S. judge blocked the airline's planned $3.8 billion merger with rival JetBlue Airways (JBLU.O)‚ opens new tab. Spirit's stock shed nearly half of its market value on Tuesday after a federal judge agreed with the U.S. Department of Justice that the airline's deal with JetBlue would harm ticket buyers. The decision has left the company in...
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