JetBlue and Spirit Airlines agree to terminate their 2022 merger agreement after regulatory pushback

JetBlue Airways Corp. and Spirit Airlines Inc. said Monday they have reached an agreement to terminate their July 2022 merger agreement, sending the former’s stock up 6% in early trade. “Although both companies continue to believe in the procompetitive benefits of the combination, JetBlue JBLU, -0.15%and Spirit SAVE, +0.16%mutually agreed that terminating is the best path forward for both companies as required closing conditions, including receiving necessary legal and regulatory app