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NEW YORK--(BUSINESS WIRE)--JetBlue Airways Corporation (Nasdaq: JBLU) will present at the J.P. Morgan Industrials Conference on March 12th at approximately 12:30 p.m. ET. A live, listen-only webcast of the call will be available on JetBlue's investor relations website at the following web address: http://investor.jetblue.com For those unable to listen to the live webcast, it will also be archived on JetBlue's investor relations website under 'Archived Events & Presentations' following the c.
Frontier shareholders are the big beneficiaries of the decision by JetBlue and Spirit to abandon their merger. Frontier was already one of the best growth stories in the industry, and now it doesn't have to compete with the proposed combination.
JetBlue Airways (JBLU) and Spirit Airlines (SAVE) have officially terminated their $3.8 billion merger agreement. JetBlue was seeking to acquire Spirit but could not secure the necessary regulatory approvals to proceed.
JetBlue Airways (NASDAQ:JBLU) has torn up its proposed takeover of Spirit Airlines, after a federal judge blocked the $3.8 billion deal. Shares in New York airline JetBlue jumped almost 4% in early trading, while those in budget carrier Spirit plummeted almost 15%.
JetBlue and Spirit Airlines formally pulled the plug Monday on their merger, about six weeks after a federal judge ruled it violated US antitrust law.
JetBlue (JBLU) and Spirit Airlines (SAVE) have called off their $3.8 billion proposed merger after regulators blocked the deal.
Shares of Spirit Airlines (NYSE: SAVE ) stock are taking a tumble after the discount airliner announced that its $3.8 billion merger with JetBlue (NYSE: JBLU ) had been called off. This morning, the two companies entered into a termination agreement that voided the merger agreement that they signed in July of 2022.
Low-cost carriers JetBlue and Spirit called off their proposed $3.8 billion merger on Monday — weeks after a federal judge blocked the deal on anti-competition concerns. A successful deal would have created the fifth-largest carrier in the United States and helped Spirit ensure its survival.
The price JetBlue had agreed to pay was looking like way too much.
Deal would have created fifth-largest US carrier but judge said it would harm consumers by reducing competition