JetBlue and Spirit Airlines Abandon $3.8 Billion Merger After Regulatory Hurdles
Video Credit: Veuer - Duration: 00:49s - Published
JetBlue and Spirit Airlines Abandon $3.8 Billion Merger After Regulatory Hurdles
JetBlue and Spirit Airlines have officially called off their $3.8 billion merger after facing insurmountable regulatory challenges.
The decision follows a federal judge's blockage of the deal two months ago, citing concerns over reduced competition and potential consumer harm.
Veuerβs Maria Mercedes Galuppo has the story.