A federal judge has issued an injunction to block JetBlue’s ambitious $3.8 billion acquisition of Spirit Airlines.
The decision comes after weeks of legal battles and raised concerns about the potential impact on competition within the airline industry.
The judge’s ruling stated that the merger could lead to reduced competition, resulting in higher airfares and fewer options for travellers.
Investors are closely monitoring the situation, and stock prices for both JetBlue and Spirit Airlines are likely to experience fluctuations in the aftermath of this ruling.
