JetBlue and Spirit terminate merger agreement

JetBlue and Spirit Airlines have terminated their $3.8bn merger agreement as of March 4, 2024. The companies said that they believed receiving necessary legal and regulatory approvals was unlikely to be made before the merger agreement’s expiration date of July 24, 2024. They maintained the belief that the merger would have provided procompetitive benefits. The US Department of Justice had blocked the potential merger in January. “We believed this merger was worth pursuing because it would have unleashed a national low-fare, high-value competitor to the big four airlines,” said JetBlue CEO Joanna Geraghty. “We are proud of the work we