JetBlue And Spirit Airlines Call Off Merger Agreement

CNBC reports:

JetBlue Airways and Spirit Airlines on Monday said they are ending their agreement to merge, weeks after losing a federal antitrust lawsuit that challenged the deal.

A federal judge in January blocked JetBlue’s attempted takeover of budget carrier Spirit after the Justice Department sued to bar the deal last year.

The Justice Department alleged the acquisition would stifle competition in the airline industry and eliminate Spirit as a discount alternative for price-conscious travelers.

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