The DOJ killed the JetBlue-Spirit merger. Spirit Airlines could now go under.
The Department of Justice (DOJ) blocked Spirit Airlines’ merger with JetBlue in order to preserve competition in the domestic airline industry. Now, it looks like Spirit may go under. In July 2022, JetBlue announced its acquisition of the foundering Spirit Airlines, which reported a net loss of $36 million in the third quarter of 2022…