(Bloomberg) The worst week on record for shares in Spirit Airlines Inc. took a turn late Friday, when the cut-rate carrier and its would-be merger partner, JetBlue Airways Corp., appealed a regulatory decision to block a tie-up of the airlines.Most Read from BloombergPutin Orders Hunt for Property of Russian Empire, Soviet UnionChina’s $6.3 Trillion Stock Selloff Is Getting Uglier by the DayMusk’s AI Startup Secures $500 Million Toward $1 Billion Funding GoalBurger King Is Serving Whoppers Wi
Spirit shares jumped as much as 17% in late trading Friday after news of the court filing landed, adding to a 17% advance in the cash session. Overall, the stock plunged 55% in the holiday-shortened week