"Judge Blocks JetBlue-Spirit Merger Amid Antitrust Concerns"

A federal judge has blocked JetBlue Airways' $3.8 billion acquisition of Spirit Airlines, siding with the Justice Department's argument that the deal would eliminate a key competitor for price-conscious travelers. The government expressed concerns that the acquisition would allow JetBlue to raise prices significantly, as Spirit's presence as an ultra-low-cost carrier puts pressure on other airlines to keep fares down.