JBLU - JetBlue's Stock Drops To Lowest Point In More Than 10 Years Other Airlines Could Be Next | Benzinga
JetBlue Airways Corporation’s (NASDAQ: JBLU) stock fell to a new 10-year-low Tuesday following the company’s disappointing earnings report.
On top of missing analysts’ expectations, the company is preparing to go to court over its acquisition of Spirit Airlines Inc (NYSE: SAVE).
The U.S. Department of Justice intervened earlier this year, suing JetBlue to prevent consolidation in the industry. If the JetBlue, Spirit merger is allowed to go through, it would make JetBlue just the fifth largest airline company in the U.S.
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