Orlando, Florida, USA – 25 June 2023: Panoramic view of an Airbus A321 operated by Spirit Airlines at Orlando airport. In the background is are Spirit Airlines and JetBlue jets. Credit: Cerib/Adobe Stock; JetBlue-Spirit Airlines Planned $3.8 Billion Merger Dropped Due to Antitrust Concerns
U.S. Attorney General Merrick Garland called the decision "yet another victory for the Justice Department's work on behalf of American consumers," claiming execution of the deal "would have caused tens of millions of travelers to face higher fares and fewer choices."
March 05, 2024 at 11:29 AM
3 minute read
Mergers and Acquisitions
JetBlue Airways and Spirit Airlines announced on Monday the cancellation of their planned $3.8 billion merger agreement, which would have made JetBlue the fifth-largest air carrier in the nation.
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