Spirit Airlines has been flying to Cancun for two decades, and is celebrating the milestone with an anniversary sale that has flights starting at just $79.
20.01.2024 - 17:19 / skift.com / Spirit Airlines / William Young / Meghna Maharishi
JetBlue and Spirit said Friday they are planning to appeal a judge’s ruling that blocked their proposed merger.
In the ruling, Judge William Young wrote a merger between the two airlines would lead to less competition in the industry, since Spirit is the largest ultra-low-cost carrier in the U.S. It was the first time an airline merger had been blocked in the U.S. in nearly 20 years.
“Spirit is a small airline. But there are people who love it,” Young wrote. “To those dedicated customers of Spirit, this one’s for you. Why? Because the Clayton Act, a 109-year-old statute requires this result — a statute that continues to deliver for the American people.”
It is unclear when or if the First Circuit Court of Appeals will take up the case.
In the days following the decision, Spirit’s shares plunged by as much as 70% before recovering a bit on Friday. Wall Street analysts raised concerns that Spirit would either need to find a new buyer or risk bankruptcy. The carrier has struggled to reach profitability since the pandemic.
Reuters reported earlier on Friday that Spirit had been pressuring JetBlue to appeal the ruling on the merger, according to people familiar with the matter.
Spirit Airlines has been flying to Cancun for two decades, and is celebrating the milestone with an anniversary sale that has flights starting at just $79.
It’s been a rough few years for Spirit Airlines.
It might be January, but there are still millions of Americans taking to the skies. With vacationers seeking the winter sun and business travelers shuttling between major hubs, there’s little time for the nation’s airlines to hibernate.
JetBlue is coming full circle.
Maybe the analysts were wrong.
Jetblue said Friday it may back out of its merger with Spirit Airlines, after a federal judge blocked the $3.8 billion deal last week.
Spirit Airlines is expanding its presence in South Carolina, adding flights from Charleston to Boston and New York City this spring.
Demand for travel has shown no signs of slowing down since the pandemic, but American Airlines is underperforming when stacked up against its competitors.
Alaska Airlines said Thursday the Boeing 737 Max 9 grounding will cost it $150 million and that the airline would hold Boeing accountable.
The Wall Street Journal published its annual list of the best and worst carriers in the US for 2023, and Delta Air Lines once again took the crown for the top airline.
On January 16, a federal court judge ruled to block JetBlue Airways’ proposed $3.8 billion purchase of Spirit Airlines on antitrust grounds. The decision was made based on a U.S. Justice Department lawsuit filed in March 2023 and aimed at stopping the deal. According to the suit, the merger would “allow JetBlue to eliminate its largest ultra-low-cost rival, further concentrate the airline industry, and harm American travelers.”
United Airlines is reevaluating its fleet plan due to Boeing 737 Max 10 delays, the carrier’s CEO said in a call with analysts on Tuesday.