In a major setback for Spirit Airlines (NYSE: SAVE), its stock plummeted by 47% following a federal judge’s decision to block the planned $3.8 billion merger with JetBlue (NASDAQ: JBLU) on antitrust grounds. This ruling has led to a sharp decline in Spirit Airlines’ market capitalization, hitting an all-time low of just $600 million. The … Continue reading Holey Spirit: Blocked Merger, Falling Shares, Potential Bankruptcy Poking Holes In Spirit Airlines