Spirit Airlines (SAVE -10.60%), the discount airline that at one time had agreed to be acquired by Frontier Group Holdings (ULCC 11.10%) before jilting Frontier for another, is being forced to fly alone. Investors are rallying into Frontier shares on the news, sending the stock up 11% as of 3 p.m. ET. Frontier could end up the big winner even after losing Frontier's business plan was borrowed from Spirit, and when the two airlines announced plans to merge in February 2022 to create the nation's fifth-larges ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: JetBlue and Spirit Airlines formally called off their merger following an unfavorable January US court ruling. JetBlue and Spirit Airlines formally pulled the plug Monday on their merger, about six weeks after a federal judge ruled it violated US antitrust law. The companies had positioned JetBlue's $3.8 billion purchase of Spiri ...

Key Takeaways JetBlue and Spirit Airlines have terminated a proposed $3.8 billion merger. The merger would have created the fifth-largest domestic carrier, attracting antitrust scrutiny. JetBlue will pay $69 million in termination fees to Spirit. Both companies will now pursue plans to improve profitability, but there are concerns over Spirit's financial condition. JetBlue (JBLU) and Spirit Airlines (SAVE) have called off their $3.8 billion proposed merger after regulators blocked the deal. Spirit Airlines ...

Shares of Spirit Airlines (NYSE:SAVE) stock are taking a tumble after the discount airliner announced that its $3.8 billion merger with JetBlue (NYSE:JBLU) had been called off. This morning, the two companies entered into a termination agreement that voided the merger agreement that they signed in July of 2022. “We are disappointed we cannot move forward with a deal that would save hundreds of millions for consumers and create a real challenger to the dominant ‘Big 4’ U.S. airlines,” said Spirit CEO and pre ...

合并计划取消 - JetBlue和Spirit取消了价值38亿美元的合并计划[1] - 联邦法官认为这笔交易会减少低价机票的供应，对价格敏感的旅客造成伤害[3] - JetBlue首席执行官认为合并计划是一项大胆而有勇气的计划，但由于法院裁决和美国司法部的持续反对，合并计划获得批准的可能性极低[5]

Low-cost air carriers JetBlue Airways and Spirit Airlines canceled their $3.8bn merger agreement on Monday, seeing no path forward after a US judge blocked the deal in January on anti-competition concerns. A successful deal would have created the fifth-largest carrier in the United States and helped Spirit ensure its survival, but the deal had been on the ropes ever since a Boston judge said it would harm consumers by reducing competition. “With the ruling from the federal court and the Department of Justic ...

Spirit Airlines Inc tanked 20% in premarket on Monday after JetBlue Airways Corporation terminated its $3.8 billion merger agreement with the ultra-low-cost carrier. The news arrives shortly after a federal judge blocked $JBLU from buying Spirit Airlines – citing the deal could increase fares for price-sensitive travellers. JetBlue and $SAVE had together appealed that ruling in line with terms of the planned transaction. Joanna Geraghty – chief executive of JetBlue said today: “We were right to compete with ...

JetBlue和Spirit合并协议终止 - JetBlue和Spirit同意终止38亿美元的合并协议[1] - 联邦法官阻止了JetBlue收购Spirit的交易[3] JetBlue和Spirit合并协议终止的原因 - JetBlue首席执行官Joanna Geraghty表示，终止合并是最佳选择[2] - Spirit首席执行官Ted Christie表示对无法达成交易感到失望，但对作为独立航空公司的未来充满信心[4]

JetBlue Airways和Spirit Airlines合并 - JetBlue Airways和Spirit Airlines终止合并协议[2] - 联邦法官在一月份阻止了合并尝试[3] - JetBlue的股价在周一盘前交易中上涨了7%[4]

JetBlue与Spirit Airlines合并协议 - JetBlue与Spirit Airlines终止了2022年7月的合并协议[1] - JetBlue将向Spirit支付6900万美元，解决了所有与交易相关的问题[3] JetBlue未来计划 - JetBlue计划在2024年实施多项收入和成本节约举措，以实现盈利[5] - JetBlue将于2024年5月30日举行投资者日，详细介绍长期战略和持续的收入和成本举措[6]