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Spirit Airlines Stock News: Spirit Airlines Stock News: Shares Fall 50% After Judge Blocks JetBlue Merger

A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. The Justice Department sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation’s biggest low-cost airline. JetBlue said it disagreed with the ruling and was considering whether to appeal., Markets News, Times Now

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