JetBlue And Spirity Ending Proposed Merger

(AP) – 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.