Spirit Airlines shares sink 20% in second day of losses after judge blocks JetBlue merger
Publishing timestamp: 2024-01-17 11:59:21
Summary
Spirit Airlines' stock has experienced double-digit losses for two consecutive days after a judge blocked its proposed merger with JetBlue Airways. The decision to block the merger cited reduced competition and the potential harm to cost-conscious travelers who rely on Spirit's low fares. Spirit's stock is down roughly 60% since the decision was announced. JetBlue's stock also fell after the judge's decision.
Sentiment: NEGATIVE
Keywords: markets, business, stock markets, transportation, business news, airlines, breaking news: markets, breaking news: business, jetblue airways corp, spirit airlines inc,
Source: https://www.cnbc.com/2024/01/17/spirit-airlines-jetblue-merger-shares-sink.html