Spirit Airlines, which has been losing money since the start of 2020, will appeal a ruling blocking its merger with JetBlue Fortune
![Image for article Spirit Airlines, which has been losing money since the start of 2020, will appeal a ruling blocking its merger with JetBlue Fortune](https://content.fortune.com/wp-content/uploads/2024/01/AP24019822409243-e1705776774464.jpg?resize=1200,600)
News Source : Fortune
News Summary
- JetBlue and Spirit Airlines said Friday they will appeal a federal judge’s ruling this week that blocked their plan to combine into a single carrier.The airlines said they filed a notice of appeal with the 1st U.S..
- JetBlue, which outbid Frontier Airlines, said it needed to acquire Spirit to compete more effectively against even bigger airlines.But on Tuesday, a federal judge in Boston ruled that the deal violated antitrust law..
- Circuit Court of Appeals, following the terms of their agreement.The Justice Department, which sued to block JetBlue’s proposed $3.8 billion purchase of Spirit, declined to comment.JetBlue and Spirit are the nation’s sixth- and seventh-largest carriers..
The airlines said they filed a notice of appeal with the 1st U.S. Circuit Court of Appeals, following the terms of their agreement.The Justice Department, which sued to block JetBlues proposed $3.8 [+1674 chars]