JetBlue and Spirit appeal judge's ruling that blocks their proposed merger

JetBlue and Spirit attraction decide’s ruling that blocks their proposed merger


Spirit and JetBlue planes at Fort Lauderdale-Hollywood Worldwide Airport (FLL) in Fort Lauderdale, Florida, US, on Wednesday, Nov. 1, 2023. 

Eva Marie Uzcategui | Bloomberg | Getty Pictures

JetBlue Airways and Spirit Airways on Friday mentioned they’re interesting a federal decide’s ruling issued earlier this week that blocks the 2 carriers’ deliberate merger on antitrust grounds.

JetBlue had deliberate to purchase Spirit for $3.8 billion in a deal struck in the summertime of 2022. A federal decide on Tuesday, nonetheless, barred that mixture, saying it will eradicate the price range service and imply greater costs for cost-conscious shoppers.

Spirit shares prolonged positive factors posted throughout the common session on Friday, rising greater than 10% in after-hours buying and selling, whereas JetBlue’s had been little modified.

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