JetBlue has announced that it has terminated the merger agreement with Spirit Airlines. This is after JetBlue proposed a $3.8 billion deal that was blocked by a judge after an antitrust challenge by the Department of Justice (DoJ). As part of the termination JetBlue will pay Spirit airlines $69 million.
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Don’t have to deal with the Greyhound crowd thank goodness
but Spirit, true to form, is charging JetBlue a $3.8 bn cancellation fee
That's the Spirit!
Nice.
Probably couldn't get anybody to answer the phone at Spirit...
Spirit's Zoom dial-up modem kept dropping connections. Spirit customer support kept picking up the phone and dropping the website connection. Spirit demanded standing-room-only seats in JetBlue aircraft.
ROFL
Or they kept getting an error on their website.
Spirit, true to form, is still charging JetBlue a 3.8 billion dollar cancellation fee
Donkey was trying to marry another donkey
They may as well merge with Boeing
They just wasted millions of dollars for nothing
Major Biden W lol; jokes aside this is great for Boston-based travelers.
Ik prices would likely have gone up, but the extra JB routes that would have been provided by spirit would have been nice tbh
How so? Spirit is pretty much going to close shop.
I don't understand this argument, at all. If their business model is unable to survive in a fair market, that isn't a logical conclusion to allow a major merger. If they go kaput, then that's the way capitalism works. Another one will take their place.
I cannot recall a single major merger in the past few decades that ended up benefitting the consumers, but there are plenty of examples to the contrary (e.g. breaking up of ATT, Kodak etc).
That's not a guarantee. They could find another buyer for instance.