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Posted On: 01/18/2024 6:47:50 AM
Post# of 27263
A U.S. District Court judge blocked JetBlue’s proposed $3.8 billion acquisition of Spirit on antitrust grounds.
Spirit could be forced to restructure, drop its fares or even liquidate, industry-watchers said.
Spirit, whose last profitable year was 2019, had challenges even before the ruling including grounded planes, softening demand and rising costs.
Spirit could be forced to restructure, drop its fares or even liquidate, industry-watchers said.
Spirit, whose last profitable year was 2019, had challenges even before the ruling including grounded planes, softening demand and rising costs.
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