SAVE - JetBlue Spirit Airlines Shares Are Moving Monday: What's Going On? | Benzinga
JetBlue Airways Corp (NASDAQ:JBLU) shares are trading higher Monday after the company announced a termination of its agreement with Spirit Airlines Inc (NYSE:SAVE). Spirit shares were halted on the news before trading significantly lower.
What To Know: JetBlue and Spirit have reached an agreement to terminate their July 2022 merger agreement. Both companies continue to believe in the procompetitive benefits of the combination, but said all conditions were unlikely to be met by the merger agreement’s outside date of July 24.
“We believed this merger ...