JetBlue and Spirit appeal judge's ruling that blocks their proposed merger
Publishing timestamp: 2024-01-19 17:30:59
Summary
JetBlue and Spirit are appealing a federal judge's ruling that blocked their planned merger on antitrust grounds. The judge argued that the merger would eliminate a budget carrier and result in higher prices for consumers. Spirit's shares initially plunged but recovered after announcing plans to refinance its debt. The U.S. Department of Justice will soon weigh in on another proposed merger between Alaska and Hawaiian.
Sentiment: MIXED
Keywords: aerospace and defense industry, jetblue airways corp, markets, breaking news: politics, spirit airlines inc, breaking news: markets, politics, business news, airlines, breaking news: business, transportation,