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JetBlue and Spirit Airlines Call Off Merger Deal
JetBlue Airways and Spirit Airlines terminated their merger agreement‚ weeks after a judge ruled that the $3.8 billion deal would reduce competition and harm cost-conscious fliers.
The airlines had appealed the judge’s January ruling‚ but some analysts said overturning it would probably be a long shot. JetBlue and Spirit said Monday that they had come to the decision that they probably couldn’t overcome the legal and regulatory hurdles.
JetBlue Chief...