In July of 2022, JetBlue announced its plan to acquire Spirit Airlines in a massive $3.8 billion deal. The news of the potential merger caused Spirit Airlines stock to soar 60%—but this celebration from shareholders proved to be too soon. After over a year of negotiating and ultimately being sued by the Justice Department, JetBlue has lost its long battle to acquire one of its biggest competitors. On January 16, 2024, the Justice Department announced that they had successfully blocked the...