Why JetBlue Stock Is Soaring and Spirit Airlines Is Plummeting Today

A federal judge has blocked the proposed $3.8 billion acquisition of Spirit Airlines (SAVE -45.43%) by JetBlue Airways (JBLU 7.16%), sending both carriers back to the drawing board to pursue growth. JetBlue's options as a stand-alone look rosier than Spirit's, with investors sending Spirit shares down more than 50% while JetBlue stock was in the green Tuesday afternoon.Competitive concerns resonate in courtJetBlue and Spirit have been a turbulent match from the beginning. In 2022, Spirit had agreed to be ac ...