The JetBlue-Spirit merger is officially over – The Points Guy
March 04, 2024
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1 min read
BREAKING: JetBlue-Spirit merger is officially dead
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JetBlue said Monday that it had terminated its merger agreement with Spirit Airlines, putting an end to the $3.8 billion acquisition nearly seven weeks after the acquisition was blocked by a federal judge.
The two airlines reached an agreement to end the merger, they said, which involves JetBlue paying Spirit $69 million in breakup fees.
Although the airlines previously said that they planned to appeal the court’s order blocking the merger, they said Monday that they predicted that regulatory obstacles would prevent them by closing the merger by a July deadline.
This is a breaking story and will be updated. Check back for more.
Featured image by DAVID SLOTNICK/THE POINTS GUY
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