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JetBlue’s $3.8 billion Spirit merger isn’t happening.
US District Judge William G. Young blocked the acquisition in a decision on Tuesday, stating the move “would eliminate one of the airline industry’s few primary competitors that provides unique innovation and price discipline.”
JetBlue launched a hostile takeover of the low-cost Spirit Airlines in 2022, but it faced a lawsuit from the DOJ that claimed the merger would increase fares for passengers and stifle competition.
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