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The judge denying the merger for the sake of Spirit customers and an excuse of "anti-competition" has now given ammo to the big 4 to stomp out both JB and Spirit. He killed two airlines rather than allowing them to merge and actually compete.
2 Μαρ 2024 · The majority of Spirit Airlines is owned by investment company The Vanguard Group, accounting for nearly 10% of ownership. Spirit currently faces a financial crisis, with a net operating loss of $554 million in 2022 and a significant drop in market value.
4 Μαρ 2024 · JetBlue Airways and Spirit Airlines are ending their proposed $3.8 billion merger weeks after a federal judge blocked the deal, saying it would hurt consumers who depend on Spirit’s lower fares.
[World] - A federal judge blocked JetBlue Airways' $3.8 billion deal to buy Spirit Airlines, rejecting a merger that he said would hamper competition and lead to higher fares.
19 Απρ 2024 · Spirit Airlines has struggled to reduce unit costs despite growing capacity, leading to margin contraction. See why the SAVE stock is still unattractive for me.
In a joint statement Tuesday, Spirit and JetBlue said they disagreed with the ruling that blocks their merger and were considering their next legal step. Judge Young stopped short of granting the government’s wish for a permanent injunction against any merger between JetBlue and Spirit.
12 Ιουν 2024 · Spirit Airlines is a U.S.-based, budget airline. Given that, expect low airfares on the outset — but with strong potential for costs to increase throughout your journey.
