Spirit Airlines sinks after judge blocks JetBlue acquisition

Jan 17, 2024 · Spirit Airlines shares fell almost 50% after a federal judge blocked JetBlue Airways' planned $3.8 billion buy of the ultra-low cost carrier on grounds it would be anticompetitive.

CouponFollow Extension

50%
OFF

Spirit Airlines Sinks After Judge Blocks JetBlue Acquisition

2 weeks from now

Jan 17, 2024 · Spirit Airlines shares fell almost 50% after a federal judge blocked JetBlue Airways' planned $3.8 billion buy of the ultra-low cost carrier on grounds it would be anticompetitive.

yahoo.com

$3
OFF

JetBlue And Spirit End $3.8B Merger. Here's Why | AP News

2 weeks from now

Updated 3:18 PM PST, March 4, 2024. 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 …

apnews.com

$3
OFF

JetBlue And Spirit Airlines Terminate $3.8 Billion Merger - NBC News

2 weeks from now

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. A …

nbcnews.com

$3
OFF

US Judge Blocks JetBlue From Acquiring Spirit Airlines

2 weeks from now

Jan 17, 2024 · A federal judge on Tuesday blocked JetBlue Airways' planned $3.8-billion acquisition of ultra-low-cost carrier Spirit Airlines after agreeing with the U.S. Department of …

reuters.com

$3
OFF

Judge Blocks JetBlue From Acquiring Spirit Airlines

2 weeks from now

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 …

nytimes.com

$3
OFF

Judge Blocks JetBlue's $3.8-billion Buyout Of Spirit Airlines, Cites ...

2 weeks from now

Jan. 16, 2024 Updated 3:15 PM PT. 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 ...

latimes.com

47%
OFF

Spirit Airlines Shares Plunge After Judge Blocks JetBlue Merger

2 weeks from now

Jan 16, 2024 · Spirit Airlines shares tanked 47% on Tuesday after a federal judge in Boston ruled against JetBlue’s proposed $3.8 billion acquisition of the discount airline.

yahoo.com

$3
OFF

JetBlue’s $3.8bn Bid For Rival Airline Spirit Blocked By US Judge

2 weeks from now

Jan 16, 2024 · A US federal judge has blocked JetBlue Airways’ proposed $3.8bn acquisition of Spirit Airlines, in a victory for the Biden administration’s top antitrust enforcer at the …

ft.com

$3
OFF

Spirit Airlines Shares Losing Altitude After Judge Blocks JetBlue Deal

2 weeks from now

Spirit Airlines shares continued their descent after a federal judge this week blocked its acquisition by JetBlue Airways for $3.8 billion.. The Wall Street Journal reported Thursday that Spirit ...

yahoo.com

64%
OFF

Federal Judge Blocks JetBlue’s $3.8 Billion Acquisition Of Spirit …

2 weeks from now

Jan 16, 2024 · A federal judge on Tuesday blocked JetBlue Airways ’ JBLU 8.64% $3.8 billion deal to buy Spirit Airlines SAVE -3.29%, rejecting a merger that he said would hamper …

wsj.com

47%
OFF

Spirit Airlines Stock Sinks After Judge Blocks JetBlue Deal

2 weeks from now

Jan 16, 2024 · Shares of Spirit Airlines closed at an all-time low Tuesday after a federal judge blocked JetBlue's acquisition of the company. Spirit's stock closed down 47% at $7.92. …

wsj.com

$3
OFF

JetBlue's $3.8 Billion Acquisition Of Spirit Airlines Blocked By Judge ...

2 weeks from now

Jan 16, 2024 · A federal judge blocked JetBlue Airways Corp.’s $3.8 billion acquisition of Spirit Airlines Inc., saying the combination would stifle competition and raise fares for consumers. …

fortune.com

$3
OFF

JetBlue Dodged A Bullet After Judge Blocked Spirit Acquisition, J.P ...

2 weeks from now

Jan 17, 2024 · A federal judge’s decision to block JetBlue Airways Corp.’s proposed $3.8 billion acquisition of Spirit Airlines Inc. is a good outcome for JetBlue, according to J.P. Morgan. “In …

marketwatch.com

$3
OFF

U.S. Judge Blocks JetBlue Airways’ $3.8-billion Acquisition Of Spirit ...

2 weeks from now

Jan 16, 2024 · A federal judge on Tuesday blocked JetBlue Airways Corp.’s JBLU-Q planned US$3.8-billion acquisition of ultralow cost carrier Spirit Airlines Inc. SAVE-N after agreeing with …

theglobeandmail.com

$3
OFF

Spirit Airlines Preparing For Bankruptcy Amid Failed Merger And ...

2 weeks from now

Judge blocks JetBlue’s $3.8 billion purchase of Spirit Airlines . ... Shares for Spirit Airlines opened at $3.20 on Tuesday. However, after the news of the potential bankruptcy reached traders ...

msn.com

$3
OFF

Factbox-US Deals Blocked By Regulators Or Facing Intense Scrutiny

2 weeks from now

1 day ago · Here are other deals that have been terminated or face regulatory scrutiny: DEALS THAT HAVE BEEN TERMINATED DEAL DEAL VALUE CONTEXT JetBlue-Sp $3.8 JetBlue …

yahoo.com

50%
OFF

Spirit Airlines Shares Plunge On Bankruptcy Speculation

2 weeks from now

2 days ago · Spirit Airlines’ shares plunged more than 50% in early trading Wednesday, following a report that it is preparing to file bankruptcy — and the company’s announcement that it won’t …

cnn.com

16%
OFF

JetBlue Airways Shares Rise 16% As Potential Spirit ... - MarketWatch

2 weeks from now

2 days ago · By Denny Jacob. JetBlue Airways shares rose 16% as investors digested news on competitor Spirit Airlines in a move that has potential to shake up the airline sector. Shares …

marketwatch.com

$8
OFF

Factbox-US Deals Blocked By Regulators Or Facing Intense Scrutiny

2 weeks from now

1 day ago · REUTERS/Brendan McDermid/File Photo. (Reuters) - Tapestry abandoned its $8.5 billion bid for Michael Kors owner Capri after a judge blocked it following a lawsuit by the U.S. …

usnews.com

FAQs about Spirit Airlines sinks after judge blocks JetBlue acquisition Coupon?

Why did a federal judge block JetBlue from buying Spirit Airlines?

DALLAS (AP) — A federal judge on Tuesday sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. The Justice Department had sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation’s biggest low-cost airline. ...

Will JetBlue Airways & Spirit Airlines merger hurt consumers?

(AP Photo/Wilfredo Lee, File) 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. ...

What happened to Spirit Airlines shares after a federal judge blocked it?

Spirit Airlines shares continued their descent after a federal judge this week blocked its acquisition by JetBlue Airways for $3.8 billion. The Wall Street Journal reported Thursday that Spirit is exploring its strategic options following the legal setback, including ways of dealing with a $1.1 billion debt pile coming due in 2025. ...

What happened to JetBlue & Spirit Airlines?

The company had been exploring a merger with another low-cost airline, Frontier Airlines, in hopes of restructuring its debt and other liabilities without a bankruptcy filing. In March, JetBlue and Spirit Airlines ended their proposed $3.8 billion merger after a court ruling blocked the deal. ...

How much did JetBlue pay spirit if it was blocked?

As part of the merger agreement, JetBlue agreed to pay Spirit $70 million and its shareholders $400 million if the deal was blocked. In a joint statement on Tuesday, the airlines said they disagreed with the ruling and were evaluating their options. ...

Will Spirit Airlines shake up JetBlue Airways?

By Denny Jacob JetBlue Airways shares rose 16% as investors digested news on competitor Spirit Airlines in a move that has potential to shake up the airline sector. Shares were trading around $7.30. The stock is up 32% on the year and is on pace for its largest percentage increase since Feb. 13. ...