Transportation
JetBlue’s Warning to Spirit Airlines Suggests a Deal Unraveling
- Attorney says JetBlue is looking for ‘back-door escape hatch’
- Spirit’s market value has tumbled since the original agreement
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JetBlue Airways Corp.’s dogged pursuit of Spirit Airlines Inc. has withstood pushback from US regulators, a court-ordered rebuff and market declines that have upended the economics of the deal.
But it’s now eyeing the emergency exits.