JetBlue

Low-Cost Air Carriers JetBlue and Spirit Airlines End $3.8bn Merger Deal After US Judge Blocks Acquisition

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New York, USA – Low-cost air carriers JetBlue Airways and Spirit Airlines have terminated their $3.8 billion merger agreement, following a previous ruling by a US judge in January that blocked the deal due to anti-competition concerns. The merger, if successful, would have created the United States’ fifth-largest carrier and would have helped Spirit Airlines secure its survival. However, the deal faced obstacles ever since a Boston judge warned that it would harm consumers by reducing competition. JetBlue CEO Joanna Geraghty informed employees through an internal note seen by Reuters that the likelihood of obtaining … Read more

Orthodox Jewish Family Files $40 Million Lawsuit Against JetBlue, Alleging Discrimination

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QUEENS, NEW YORK – A Queens couple has filed a $40 million lawsuit against JetBlue, alleging that their family was unjustly removed from a New York-bound flight because they are Orthodox Jews. Michael Nektalov, 42, and his wife Miryem Yushanayev, along with their five children, were traveling back from an Aruba vacation on February 4, 2021, when the incident occurred. According to court documents filed in Brooklyn Federal Court, the couple was dressed in accordance with their religious customs, with Miryem wearing a head covering and Michael sporting a long beard and yarmulke. They also … Read more

Judge’s Blockage of JetBlue Deal Sends Spirit Airlines on an Uncertain Path

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LOS ANGELES, CALIFORNIA – Spirit Airlines’ future is uncertain following a court decision that blocked its planned acquisition of JetBlue. The ruling came as a blow to the budget carrier, which sought to expand its route network and increase competition in the airline industry. The legal battle began when the Department of Transportation (DOT) approved the deal in February, but it faced opposition from consumer groups and competing airlines. Spirit Airlines, known for its low fares and no-frills service, argued that the merger would benefit consumers by offering more choices and improved connectivity. However, a … Read more

US Judge Blocks $3.8 Billion Merger: Spirit Airlines Stock Plummets, JetBlue Shares Sink

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Miami, Florida – Shares of Spirit Airlines, an ultra-low-cost carrier, dropped 10% in premarket trade on Wednesday following a U.S. judge’s decision to block the airline’s $3.8 billion merger with rival JetBlue Airways. The judge agreed with the U.S. Department of Justice’s argument that the merger would harm ticket buyers, causing Spirit’s stock to lose nearly half of its market value. Meanwhile, JetBlue shares also fell by 1.3% before the bell, in line with other airline stocks. This ruling is seen as a favorable outcome for JetBlue, as Spirit’s business performance has declined since the … Read more