"JetBlue and Spirit Airlines Terminate $3.8 Billion Merger Deal Over Regulatory Hurdles"

JetBlue Airways and Spirit Airlines have called off their $3.8 billion merger after a U.S. judge blocked the deal in January due to antitrust concerns. The cancellation comes as a blow to both carriers, with the Biden Administration celebrating the decision as a win for consumers. JetBlue will pay Spirit $69 million as part of the agreement, and without the merger, Spirit faces financial challenges amid weak demand. The ruling against the merger also raises questions about JetBlue's Northeast partnership with American Airlines, as the aviation industry continues to face regulatory scrutiny.