Spirit Airlines extends slide as blocking of JetBlue merger fuels uncertainty

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Go back to Spirit Airlines extends slide as blocking of JetBlue merger fuels uncertainty

Spirit Airlines (SAVE) stock continues to fall after blocked JetBlue merger, analysts downgrade

January 17, 2024 8:29 AM EST

Spirit Airlines (NYSE: SAVE) stock is down a further 18.5% in early New York trading on Wednesday after a federal judge blocked JetBlue's (NASDAQ: JBLU) $3.8 billion acquisition, prompting concerns about the feasibility of other mergers in the airline industry.

The judge's antitrust ruling contributes to SAVE's challenges, leading to a... More