Spirit Airlines shares extend rebound after it appeals ruling blocking JetBlue merger
Publishing timestamp: 2024-01-22 11:31:18
Summary
Spirit Airlines shares jumped after JetBlue announced that they would appeal a federal judge's ruling blocking their planned merger. The merger would have created the country's fifth-largest airline. The judge blocked the merger on antitrust grounds, citing reduced competition. Spirit shares have dropped since the ruling but rebounded slightly after the appeal. JetBlue shares also rose, while Delta, American, and Southwest gained modestly.
Sentiment: MIXED
Tickers: AAL, JBLU, SAVE, LUV, DAL,
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