JetBlue and Spirit abandon their $3.8 billion merger

Joe Cavaretta/South Florida Sun Sentinel/Tribune News Service via Getty Images JetBlue and Spirit Airlines are throwing out their $3.8 billion merger agreement. Both airlines agreed to terminate the deal, citing “legal and regulatory approvals” that “were unlikely to be met” by the merger’s July 2024 deadline.
A federal court blocked the deal in January over concerns that the merger would stifle competition in the airline industry and raise passenger fares. JetBlue