JetBlue, Spirit Airways Name Off $3.8B Merger on Antitrust Hurdle
Low-cost air carriers JetBlue Airways and Spirit Airways canceled their $3.8-billion merger settlement on Monday, seeing no path ahead after a U.S. decide blocked the deal in January on anti-competition considerations. A profitable deal would have created the fifth-largest provider in america and helped Spirit guarantee its survival, however the deal had been on the…