JetBlue, Spirit End $3.8B Merger After Antitrust Suit Loss
JetBlue, Spirit End $3.8B Me...
Subscribe to Newsletter

JetBlue, Spirit End $3.8B Merger After Antitrust Suit Loss

4 March 2024
2 min.
JetBlue, Spirit End $3.8B Merger After Antitrust Suit Loss

Flight to Nowhere

JetBlue Airways and Spirit Airlines have announced the termination of their merger agreement, a decision following a recent federal antitrust lawsuit setback.

In a January twist, a federal judge stepped in to halt JetBlue's pursuit of budget airline Spirit following a lawsuit from the Justice Department. The Justice Department's contention? The merger could stifle competition in the skies, potentially eliminating Spirit as a go-to option for savvy, budget-conscious travelers.

JetBlue and Spirit promptly appealed the judge's ruling, albeit JetBlue clarified that the appeal was a contractual obligation stemming from the merger agreement. Despite this effort, industry analysts remained skeptical of a favorable outcome.

The news reverberated in the stock market, with Spirit shares plummeting 17% in premarket trading, while JetBlue experienced a modest uptick of around 4%.

Nearly two years ago, JetBlue made an unexpected bid for Spirit Airlines, which was already in talks for a merger with fellow budget carrier Frontier. JetBlue successfully secured shareholder approval for the acquisition, envisioning a move that would disrupt the industry's norms and provide ample growth opportunities for its workforce.

JetBlue's CEO, Joanna Geraghty, reflected on the endeavor, acknowledging its ambitious nature. "It was a bold strategy, aimed at challenging the industry's status quo. We believed in competing with Frontier and seizing an opportunity that could have propelled our growth and enriched our team," she remarked in a message to employees.

"Nevertheless, given the recent court ruling and the persistent opposition from the Department of Justice, the likelihood of obtaining approval for the merger in the foreseeable future is minimal."

Companies3 in the news

Source foto:


News from is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York. news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Died this year
Born this year