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Coverage dated January 15, 2024 to January 17, 2024

Spirit Airlines could go out of business after JetBlue deal is blocked, airline analyst says

Headline from ABC 30 Fresno, on the newest of 2 developments

Spirit Airlines could end up in bankruptcy and be forced out of business because of a federal court decision to block a proposed sale to JetBlue Airways, according to a note from an airline analyst.

ABC 30 Fresno's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Developments in this update

2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

  1. Failed JetBlue takeover could force Spirit to slash fares, restructure as carrier grasps for a path

    Headline from NBC Chicago ·

  2. Newest

    Spirit Airlines could go out of business after JetBlue deal is blocked, airline analyst says

    Headline from ABC 30 Fresno ·

1 report not tied to one development ·

Read the reports

Reports & sources

22 articles, oldest first.

  1. Forbes

    Spirit Airlines Stock Plummets Over 50% After JetBlue Deal Blocked (opens Forbes)

    Published

    Forbes's feed description

    JetBlue faced significant legal pushback from the Justice Department after it announced its plan to acquire Spirit in 2022.

  2. NBC Chicago

    Failed JetBlue takeover could force Spirit to slash fares, restructure as carrier grasps for a path (opens NBC Chicago)

    Published

    NBC Chicago's feed description

    Spirit, whose last profitable year was 2019, had challenges even before the ruling including grounded planes, softening demand and rising costs.

  3. Wfmy News 2

    JetBlue's $3.8 billion buyout of Spirit Airlines is blocked by judge citing competition threat (opens Wfmy News 2)

    Published

    Wfmy News 2's feed description

    JetBlue argued that the deal would help consumers by making JetBlue a stronger competitor against bigger rivals that dominate the U.S. air-travel market.

  4. New York Post

    Spirit Airlines shares hit record low as JetBlue deal collapse alarms investors (opens New York Post)

    Published

    New York Post's feed description

    Spirit said it will continue to take prudent steps to ensure the strength of its balance sheet and ongoing operations.

  5. ABC 30 Fresno

    Spirit Airlines could go out of business after JetBlue deal is blocked, airline analyst says (opens ABC 30 Fresno)

    Published

    ABC 30 Fresno's feed description

    Spirit Airlines could end up in bankruptcy and be forced out of business because of a federal court decision to block a proposed sale to JetBlue Airways, according to a note from an airline analyst.

  6. CNN

    Analyst: Spirit Airlines could be forced out of business after JetBlue deal is blocked (opens CNN)

    Published

    CNN's feed description

    Spirit Airlines could end up in bankruptcy and be forced out of business because of a federal court decision to block a proposed purchase by JetBlue Airways.

  7. Honolulu Star-Advertiser

    With merger scuttled, Spirit Airlines faces an uncertain future (opens Honolulu Star-Advertiser)

    Published

    Honolulu Star-Advertiser's feed description

    Spirit Airlines hasn’t made money since before the pandemic, ticket sales haven’t bounced back as quickly as the carrier expected, and dozens of its planes will be grounded at times this year because of a problem with the engines.

  8. Waco Tribune-Herald

    With merger scuttled, Spirit Airlines faces an uncertain future. Is bankruptcy a possibility? (opens Waco Tribune-Herald)

    Published

    Waco Tribune-Herald's feed description

    What's next for Spirit Airlines, now that it won't be merging with JetBlue? Some Wall Street analysts are starting to raise the possibility of bankruptcy. Spirit Airlines stock fell again

  9. Fortune

    JetBlue's failed $3.8 billion merger could send Spirit Airlines into bankruptcy, Wall Street analysts warn (opens Fortune)

    Published

    Fortune's feed description

    Cowen's Helane Becker says it "sounds alarmist and harsh," but the likely scenario is a Chapter 11 bankruptcy filing, followed by a liquidation.

  10. FOX Business

    Spirit Airlines explores restructuring options following JetBlue deal collapse (opens FOX Business)

    Published

    FOX Business's feed description

    Spirit Airlines is looking at ways to deal with its financial challenges, including $1.1B in debt, after a federal judge blocked the merger deal between it and JetBlue Airways

  11. WHDH Boston

    Spirit Airlines could be forced out of business after JetBlue deal blocked, analyst says - Boston News, Weather, Sports (opens WHDH Boston)

    Published

    WHDH Boston's feed description

    New York (CNN) — Spirit Airlines could end up in bankruptcy and be forced out of business because of a federal court decision to block a

  12. Quartz

    Spirit's future is uncertain with the JetBlue deal grounded (opens Quartz)

    Published

    Quartz's feed description

    The ultra-low-cost airline has a big pile of debt and has to ground 10% of its fleet in 2024

  13. Quartz

    Here's a number that says Spirit Airlines won't survive without JetBlue (opens Quartz)

    Published

    Quartz's feed description

    Don't look at the stock price (bad), look at the bond price (also bad)

  14. Arkansas Democrat-Gazette

    Options diminish for Spirit Airlines after merger axed (opens Arkansas Democrat-Gazette)

    Published

    Arkansas Democrat-Gazette's feed description

    Spirit Airlines hasn't made money since before the pandemic, ticket sales haven't bounced back as quickly as the carrier expected, and dozens of its planes will be grounded at times this year because of a problem with the engines.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

Spirit Airlines could go out of business after JetBlue deal is blocked, airline analyst says | Since Then