JetBlue Tells Spirit Airlines That It May Terminate Its $3.8 billion Buyout Offer Challenged by US

A Spirit Airlines 319 Airbus approaches Manchester Boston Regional Airport for a landing, Friday, June 2, 2023, in Manchester, N.H. 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 was falling again on Wednesday, Jan 17, 2024, a day after a federal judge blocked JetBlue's proposed $3.8 billion purchase of Spirit. (AP Photo/Charles Krupa, File)

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By Associated Press

January 26, 2024 at 3:42 PM UTC

Updated on

January 26, 2024 at 9:58 PM UTC

NEW YORK (AP) — JetBlue Airways warned that it may end its bid to acquire low-cost carrier Spirit Airlines as soon as this weekend after a federal judge blocked the deal, sending Spirit shares sharply lower Friday.

Spirit shot back that it finds no reason to terminate the deal and will continue to meet its obligations, "and it expects JetBlue to do the same.”