JetBlue and Spirit cancel $3.8bn merger

JetBlue Airways and Spirit Airlines announced on March 4 that they had reached an agreement to terminate a July 2022 merger agreement after the proposed deal was blocked by a US judge in January on anti-competition grounds.

Although both companies said they continue to believe in the benefits of the combination, JetBlue and Spirit mutually agreed that terminating is the best path forward for both companies as the merger was unlikely to be completed before the July 24, 2024 deadline.

“We believed this merger was worth pursuing because it would have unleashed a national low-fare, high-value competitor to the Big Four airlines,” said Joanna Geraghty, chief executive officer, JetBlue. “We are proud of the work we did with Spirit to lay out a vision to challenge the status quo, but given the hurdles to closing that remain, we decided together that both airlines’ interests are better served by moving forward independently. We wish the very best going forward to the entire Spirit team.”

Under

Become a Premium Member to Read More

This is a premium article and requires an active Key.Aero subscription to view.

I’m an existing member, sign me in!

I don’t have a subscription…

Enjoy the following subscriber only benefits:

  • Unlimited access to all KeyAero content
  • Exclusive in-depth articles and analysis, videos, quizzes added daily
  • A fully searchable archive – boasting hundreds of thousands of pieces of quality aviation content
  • Access to read all our leading aviation magazines online - meaning you can enjoy the likes of FlyPast, Aeroplane Monthly, AirForces Monthly, Combat Aircraft, Aviation News, Airports of the World, PC Pilot and Airliner World - as soon as they leave the editor’s desk.
  • Access on any device- anywhere, anytime
  • Choose from our offers below