JetBlue Airways (B6, New York JFK) and Spirit Airlines (NK, Fort Lauderdale International) announced they have agreed to terminate their merger after concluding they would not receive the legal and regulatory approvals by the July 24 deadline.

In January, a federal judge blocked JetBlue from buying Spirit Airlines, saying the USD3.8 billion deal would reduce competition and harm consumers by driving fares upwards. The carriers had an appeal court meeting set in June to overturn the judge’s decision….

Source: ch aviation
Read more: US's JetBlue, Spirit Airlines terminate merger agreement