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AP-National

JetBlue and Spirit are ending their $3.8 billion merger plan after a federal judge blocked the deal

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Published 7:51 AM

By DAVID KOENIG and MICHELLE CHAPMAN
AP Business Writers

JetBlue and Spirit Airlines are ending their proposed $3.8 billion merger after a federal judge blocked the deal, ruling it would hurt competition. JetBlue said Monday that even though both companies still believe in the benefits of a combination, they felt they were unlikely to meet the required closing conditions before a July 24 deadline. The airlines say they are mutually agreeing that terminating the deal is the best decision for both. A merger would have eliminated Spirit, the nation’s biggest discount airline. The Justice Department sued to block the deal and won in court.

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