JetBlue, Spirit call off $3.8B merger after losing antitrust suit: ‘Best path forward'

Low-cost carriers JetBlue and Spirit called off their proposed $3.8 billion merger on Monday — weeks after a federal judge blocked the deal on anti-competition concerns.A successful deal would have created the fifth-largest carrier in the United States and helped Spirit ensure its survival.“Although both companies continue to believe in the procompetitive benefits of the combination, JetBlue and Spirit mutually agreed that terminating is the best path forward for both companies,” JetBlue shared in a stateme ...