AdvertisementIn January, a federal district judge in Boston sided with the government and blocked the deal, saying it violated antitrust law. On Monday, the Justice Department took a victory lap. AdvertisementSpirit and Frontier Airlines announced a $2.2 billion merger in early 2022 — a deal that would have combined. The Justice Department has not indicated whether it will sue to block that agreement. AdvertisementShares of Spirit Airlines Inc. sank 16% in late-morning trading, while shares of JetBlue Airways Corp. rose slightly.

Source: Huffington Post March 04, 2024 16:13 UTC