Spirit Airlines (SAVE) Stock Plunges as JetBlue Preps to Give Up

Earlier this month, U.S. District Court Judge William Young ruled to block the proposed merger between Spirit Airlines (NYSE:SAVE) and JetBlue Airways (NASDAQ:JBLU). The Judge cited reduced competition risks and higher ticket prices for Spirit customers as part of his decision, among other factors. The decision came about a year and a half after JetBlue agreed to acquire Spirit for $3.8 billion in July of 2022.“The Court rules that the proposed merger, as it stands, would substantially lessen competition in ...