U.S. judge blocks JetBlue's acquisition of Spirit, saying deal would hurt consumers
JetBlue, the nation's sixth-largest airline, sought to buy Spirit for $3.8 billion. The judge said "the consumers that rely on Spirit's unique, low-price model would likely be harmed."
Spirit Airlines stock fell 23% and JetBlue Airways dropped nearly 9% Wednesday and after a federal judge blocked their proposed merger due to concerns that
