JetBlue-Spirit Deal Uncertainty Sends Spirit Airlines Tumbling

Spirit Airlines' shares continued to decline following a U.S. judge's block of its merger with JetBlue Airways, with concerns over its future and profitability struggles. Citi downgraded its rating for Spirit, and analysts suggested the possibility of bankruptcy filing to reorganize its finances. JetBlue's shares rose, and while the companies can still appeal the ruling, uncertainties remain about Spirit's ability to address its outstanding debt and operational challenges.