JetBlue-Spirit ruling doesn't spell doom for Alaska-Hawaiian merger
Analysts and experts say the pitfalls that brought down the Spirit-JetBlue deal may offer clues into how Alaska and Hawaiian could pass muster.
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Analysts and experts say the pitfalls that brought down the Spirit-JetBlue deal may offer clues into how Alaska and Hawaiian could pass muster.
Shares of discount Spirit Airlines fell 17 percent in morning trade on Wednesday, a day after a U.S. judge blocked the airline's planned $3.8 billion merger with rival JetBlue Airways.
Spirit Airlines hasn't made money since before the pandemic, ticket sales haven't bounced back as quickly as the carrier expected, and dozens of its planes will be grounded at times
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Some Wall Streeters who follow Spirit are tossing around the B word — bankruptcy.