HomeAbout

TL;DR CNBC


JetBlue and Spirit appeal judge's ruling that blocks their proposed merger - TL;DR CNBC

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

Tickers: JBLUSAVE

Keywords: aerospace and defense industryjetblue airways corpmarketsbreaking news: politicsspirit airlines incbreaking news: marketspoliticsbusiness newsairlinesbreaking news: businesstransportation

Source: https://www.cnbc.com/2024/01/19/jetblue-and-spirit-appeal-judges-ruling-that-blocks-their-proposed-merger.html


Developed by Leo Phan