Jan 22, 2024 - Business

JetBlue and Spirit to appeal court decision blocking merger

Change in JetBlue and Spirit stock prices
Data: Yahoo Finance and Axios reporting; Chart: Axios Visuals

JetBlue and Spirit Airlines say that they'll appeal a federal judge's ruling that blocked their $3.8 billion merger plans.

The big picture: Both companies have lost value since the deal was first announced in mid-2022, but nonetheless believe it's vital to their future success.

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