Did the U.S. government just kill Spirit Airlines?
The Department of Justice successfully sued to block a merger between JetBlue and Spirit. Now, Spirit is in trouble.
Earlier this week, in a stunning move, a U.S. district court judge blocked the proposed merger between JetBlue and Spirit. It's the first time the government has stopped an airline merger.
And now comes the fallout. Spirit's stock has been in freefall since the ruling, and some analysts are saying Spirit might not survive. At this hour, Spirit is reportedly seeking a refinancing deal to stay aloft.
Welcome to The Forum, a discussion about issues that matter to you. Please sign in to participate in today's discussion.