JetBlue, Spirit ditch $3.8 billion budget airline deal
Mar 4
By Simone Del Rosario (Business Correspondent), William Jackson (Producer), Emma Stoltzfus (Video Editor)
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JetBlue and Spirit Airlines cancel $3.8bn merger after judge blocked deal
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JetBlue-Spirit Airlines Cancel Merger After US Court Blocked Deal
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JetBlue, Spirit ending $3.8 billion merger plan after a federal judge blocked deal
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue pulls out of deal to buy Spirit
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JetBlue ends bid to merge with Spirit Airlines
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JetBlue scraps $3.8 billion deal to buy Spirit Airlines
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JetBlue and Spirit end their $3.8-billion merger plan after a federal judge blocked the deal
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JetBlue Abandons Troubled $3.8 Billion Deal For Spirit Air
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit Airlines put an end to proposed multi-billion dollar merger plan
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger – WSVN 7News | Miami News, Weather, Sports
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JetBlue and Spirit Airlines terminate $3.8 billion merger agreement
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JetBlue, Spirit ending $3.8b deal to combine after court ruling blocked their merger – The Boston Globe
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue ends bid to buy Spirit Airlines
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JetBlue-Spirit Airlines $3.8b merger cancelled after judge blocked deal
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JetBlue pulls out of deal to buy Spirit Airlines
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue and Spirit Airlines terminate $3.8 billion merger
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JetBlue, Spirit Airlines call off $3.8 billion merger
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JetBlue, Spirit Airlines terminate merger agreement
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JetBlue, Spirit Airlines cancel merger after US court says deal violates antitrust law
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JetBlue, Spirit terminate $3.8B merger after court ruling
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue terminates US$3.8-billion merger agreement with rival Spirit Airlines
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JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit end $3.8 billion merger after court ruling
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JetBlue pulls out of deal to buy Spirit Airlines – Boston News, Weather, Sports
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue and Spirit Airlines agree to terminate their 2022 merger agreement after regulatory pushback
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JetBlue Airways, facing pushback from antitrust regulators in US, ends bid to buy Spirit Airlines
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue pulls out of deal to buy Spirit Airlines
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B merger deal after court ruling
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JetBlue, Spirit ending $3.8B deal to combine
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JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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TIMELINE-JetBlue terminates $3.8 billion deal to buy Spirit Airlines
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on KPRC-TV
JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
Click to see story on Chico Enterprise-Record
JetBlue ends bid to buy Spirit Airlines
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JetBlue, Spirit ending $3.8B deal to combine after Boston court ruling blocked their merger
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JetBlue ends bid to buy Spirit Airlines
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JetBlue ends bid to buy Spirit Airlines
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JetBlue, Spirit airlines end plans to merge
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JetBlue and Spirit are ending their $3.8B merger plan after a federal judge blocked the deal
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JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
Click to see story on The Reporter
JetBlue and Spirit Airlines are calling off their $3.8 billion merger
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JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
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JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
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JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
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JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8 billion deal to combine after court ruling blocks merger
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JetBlue ends bid to buy Spirit Airlines
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit call off $3.8B merger after losing antitrust suit: ‘Best path forward’
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JetBlue and Spirit Airlines drop planned $3.8 billion merger – Washington Examiner
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit airlines terminate $3.8B merger over regulations
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Spirit, JetBlue terminate $3.8 billion merger after court blocks deal
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JetBlue stock jumps after terminating deal with Spirit Airlines (NASDAQ:JBLU)
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JetBlue, Spirit agree to terminate merger
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JetBlue and Spirit call off $3.8 billion merger after court blocks deal
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JetBlue and Spirit Terminate Merger Agreement
Click to see story on The Epoch Times
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked merger
Click to see story on Toronto Sun
JetBlue, Spirit Airlines call off $3.8 bln merger on antitrust hurdle
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Nothing Left To SAVE: Spirit Plummets After JetBlue Terminates Acquisition As Bankruptcy Looms
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JetBlue and Spirit Airlines drop out of US$ 3.8 billion merger
Click to see story on Globo
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on My Mother Lode
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Orillia Matters
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B merger attempt after court ruling
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger – The Morning Sun
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JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
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JetBlue cancels bid to buy Spirit
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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STA: JetBlue and Spirit Airlines abandon merger plans
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Spirit Airlines And JetBlue Cancel Their $3.8 Billion Merger Following A Court Ruling
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JetBlue, Spirit Airlines cancel merger after blocked by US court
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JetBlue Airways and Spirit Airlines announced the termination of their proposed $3.8 billion merger, a development nearly two years in the making. The decision follows a federal court’s move to block the merger, siding with the government’s antitrust lawsuit that argued the deal would reduce competition and eliminate Spirit as a low-cost travel option.
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The U.S. Justice Department maintained that the merger would significantly cut down competition in the airline industry. Spirit Airlines’ CEO, Ted Christie, expressed disappointment over the inability to proceed with the merger.
“We are disappointed we cannot move forward with a deal that would save hundreds of millions for consumers and create a real challenger to the dominant ‘Big 4’ U.S. airlines,” Christie said. “However, we remain confident in our future as a successful independent airline. We wish the JetBlue team well.”
Joanna Geraghty, CEO of JetBlue Airways, echoed a similar sentiment, emphasizing the decision to move forward independently after evaluating the remaining hurdles to closing the deal.
“Given the hurdles to closing that remain, we decided together that both airlines’ interests are better served by moving forward independently,” Geraghty said.
Financial uncertainties loom for both airlines in the wake of this terminated agreement. JetBlue reported a loss for the year ending 2023 and anticipates continued declines in early 2024.
Spirit faces even greater challenges, with analysts speculating about potential bankruptcy — a narrative firmly rejected by CEO Ted Christie. With $1.1 billion in debt due in 2025, Spirit plans to explore refinancing options, reinforcing its stance on operating as a standalone entity throughout the merger discussions.
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As part of dissolving the merger agreement, JetBlue will compensate Spirit $69 million. This comes after JetBlue’s previous payments to Spirit shareholders, totaling about $425 million in prepayments while the merger agreement was active.
SIMONE DEL ROSARIO
THIS DEAL IS OFFICIALLY GROUNDED FOR GOOD.
JETBLUE AND SPIRIT AIRLINES ARE SCRAPPING THE 3-POINT-8 BILLION DOLLAR MERGER AFTER NEARLY TWO YEARS. THE BREAKDOWN COMES WEEKS AFTER A FEDERAL COURT BLOCKED THE DEAL, SIDING WITH THE GOVERNMENT IN THE ANTITRUST CASE.
THE JUSTICE DEPARTMENT HAD ARGUED THE DEAL WOULD CUT COMPETITION AND ELIMINATE SPIRIT AS A BUDGET-FRIENDLY OPTION FOR TRAVELERS.
SPIRIT CEO TED CHRISTIE SAID,
TED CHRISTIE
PRESIDENT, CEO | SPIRIT AIRLINES
“We are disappointed we cannot move forward with a deal that would save hundreds of millions for consumers and create a real challenger to the dominant “Big 4″ U.S. airlines. However, we remain confident in our future as a successful independent airline. We wish the JetBlue team well.”
JOANNA GERAGHTY
CEO | JETBLUE AIRWAYS
JETBLUE CEO JOANNA GERAGHTY SAID, “…given the hurdles to closing that remain, we decided together that both airlines’ interests are better served by moving forward independently.
SIMONE DEL ROSARIO
INDEPENDENTLY, BOTH AIRLINES FACE FINANCIAL UNCERTAINTY. JETBLUE CLOSED OUT 2023 WITH A LOSS AND EXPECTS DECLINES TO CONTINUE IN EARLY 2024. SPIRIT IS FACING EVEN BIGGER PROBLEMS, WITH SOME ANALYSTS FLOATING BANKRUPTCY, A NOTION THE SPIRIT CEO HAS SHOT DOWN AS A MISGUIDED NARRATIVE.
SPIRIT HAS $1.1 BILLION IN DEBT DUE IN 2025. CHRISTIE SAYS THE COMPANY WILL EXPLORE REFINANCING OPTIONS AND HAS ALWAYS CONTINUED TO CONSIDER THE POSSIBILITY OF OPERATING AS A STANDALONE AIRLINE THROUGH THIS TWO-YEAR SAGA.
JETBLUE WILL PAY SPIRIT $69 MILLION TO SCRAP THE MERGER. WHILE THE AGREEMENT WAS ACTIVE, JETBLUE PAID SPIRIT SHAREHOLDERS ABOUT $425 MILLION IN PREPAYMENTS.
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Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below.
Learn more about this dataLeft 29%
Center 57%
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Bias Distribution
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JetBlue and Spirit Airlines cancel $3.8bn merger after judge blocked deal
Click to see story on The Guardian
JetBlue-Spirit Airlines Cancel Merger After US Court Blocked Deal
Click to see story on NDTV
JetBlue, Spirit ending $3.8 billion merger plan after a federal judge blocked deal
Click to see story on Associated Press News
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on abc News
JetBlue pulls out of deal to buy Spirit
Click to see story on CNN
JetBlue ends bid to merge with Spirit Airlines
Click to see story on The Washington Post
JetBlue scraps $3.8 billion deal to buy Spirit Airlines
Click to see story on CBS News
JetBlue and Spirit end their $3.8-billion merger plan after a federal judge blocked the deal
Click to see story on Los Angeles Times
JetBlue Abandons Troubled $3.8 Billion Deal For Spirit Air
Click to see story on Bloomberg
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Star Tribune
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Flin Flon Reminder
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on abc 6 Philadelphia
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Chicago Sun Times
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on SooToday.com
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Barrie Today
JetBlue, Spirit Airlines put an end to proposed multi-billion dollar merger plan
Click to see story on PBS NewsHour
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Prince George Citizen
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger – WSVN 7News | Miami News, Weather, Sports
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JetBlue and Spirit Airlines terminate $3.8 billion merger agreement
Click to see story on NBC New York
JetBlue, Spirit ending $3.8b deal to combine after court ruling blocked their merger – The Boston Globe
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue ends bid to buy Spirit Airlines
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Headline Unavailable
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JetBlue-Spirit Airlines $3.8b merger cancelled after judge blocked deal
Click to see story on Hindustan Times
JetBlue pulls out of deal to buy Spirit Airlines
Click to see story on KRDO
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on KIFI
JetBlue and Spirit Airlines terminate $3.8 billion merger
Click to see story on CNBC
JetBlue, Spirit Airlines call off $3.8 billion merger
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JetBlue, Spirit Airlines terminate merger agreement
Click to see story on The Hill
JetBlue, Spirit Airlines cancel merger after US court says deal violates antitrust law
Click to see story on WION
JetBlue, Spirit terminate $3.8B merger after court ruling
Click to see story on Star Advertiser
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Washington Top News
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on WPLG
JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
Click to see story on News 4 JAX
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on abc 7 Chicago
JetBlue terminates US$3.8-billion merger agreement with rival Spirit Airlines
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JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
Click to see story on WKMG
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on abc 7 LA
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit end $3.8 billion merger after court ruling
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JetBlue pulls out of deal to buy Spirit Airlines – Boston News, Weather, Sports
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Penn Live
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Denver Post
JetBlue and Spirit Airlines agree to terminate their 2022 merger agreement after regulatory pushback
Click to see story on MarketWatch
JetBlue Airways, facing pushback from antitrust regulators in US, ends bid to buy Spirit Airlines
Click to see story on KOB 4
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Thorold Today
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Boston.com
JetBlue pulls out of deal to buy Spirit Airlines
Click to see story on KWWL
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on 9NEWS Denver
JetBlue, Spirit ending $3.8B merger deal after court ruling
Click to see story on NY1
JetBlue, Spirit ending $3.8B deal to combine
Click to see story on WPRI 12
JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
Click to see story on KDVR
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on KCRG
JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
Click to see story on NewsNation
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on WFAA 8abc
TIMELINE-JetBlue terminates $3.8 billion deal to buy Spirit Airlines
Click to see story on UnionLeader.com
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on KPRC-TV
JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
Click to see story on Chico Enterprise-Record
JetBlue ends bid to buy Spirit Airlines
Click to see story on WLTX
JetBlue, Spirit ending $3.8B deal to combine after Boston court ruling blocked their merger
Click to see story on Boston 25 News
JetBlue ends bid to buy Spirit Airlines
Click to see story on WBIR
JetBlue ends bid to buy Spirit Airlines
Click to see story on Krem2 News
JetBlue, Spirit airlines end plans to merge
Click to see story on Scripps News
JetBlue and Spirit are ending their $3.8B merger plan after a federal judge blocked the deal
Click to see story on KSL
JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
Click to see story on The Reporter
JetBlue and Spirit Airlines are calling off their $3.8 billion merger
Click to see story on Quartz
JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
Click to see story on Red Bluff Daily News
JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
Click to see story on Daily Local News
JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
Click to see story on The Pottstown Mercury
JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
Click to see story on Sentinel and Enterprise
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on 11ALIVE
JetBlue, Spirit ending $3.8 billion deal to combine after court ruling blocks merger
Click to see story on WPTV
JetBlue ends bid to buy Spirit Airlines
Click to see story on Fort Smith/Fayetteville News
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit call off $3.8B merger after losing antitrust suit: ‘Best path forward’
Click to see story on New York Post
JetBlue and Spirit Airlines drop planned $3.8 billion merger – Washington Examiner
Click to see story on Washington Examiner
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Financial Post
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Boston Herald
JetBlue, Spirit airlines terminate $3.8B merger over regulations
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Spirit, JetBlue terminate $3.8 billion merger after court blocks deal
Click to see story on justthenews.com
JetBlue stock jumps after terminating deal with Spirit Airlines (NASDAQ:JBLU)
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JetBlue, Spirit agree to terminate merger
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JetBlue and Spirit call off $3.8 billion merger after court blocks deal
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JetBlue and Spirit Terminate Merger Agreement
Click to see story on The Epoch Times
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked merger
Click to see story on Toronto Sun
JetBlue, Spirit Airlines call off $3.8 bln merger on antitrust hurdle
Click to see story on OAN
Nothing Left To SAVE: Spirit Plummets After JetBlue Terminates Acquisition As Bankruptcy Looms
Click to see story on Zero Hedge
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JetBlue and Spirit Airlines drop out of US$ 3.8 billion merger
Click to see story on Globo
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on My Mother Lode
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Orillia Matters
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Newmarket Today
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Midland Today
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
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JetBlue, Spirit ending $3.8B merger attempt after court ruling
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JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger – The Morning Sun
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JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal
Click to see story on Nashoba Valley Voice
JetBlue cancels bid to buy Spirit
Click to see story on The San Joaquin Valley Sun
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Bradford Today
JetBlue, Spirit ending $3.8B deal to combine after court ruling blocked their merger
Click to see story on Timmins Today
STA: JetBlue and Spirit Airlines abandon merger plans
Click to see story on sta.si
Spirit Airlines And JetBlue Cancel Their $3.8 Billion Merger Following A Court Ruling
Click to see story on CTN News l Chiang Rai Times
JetBlue, Spirit Airlines cancel merger after blocked by US court
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108 other sources covering this story
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Center
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Leaning Right
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Last Updated
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