Editorial: Spirit Airlines brings down airfares. But only if it stays in business
U.S. District Judge William Young is a big fan of Spirit Airlines. “To those dedicated customers of Spirit,” Young wrote in his lengthy ruling last week blocking rival airline JetBlue’s $3.6 billion acquisition of the ultra low-cost carrier, “this one’s for you.”
Following the ruling, which appeared to kill the deal, the stock and bond markets quickly demonstrated that they did not share Young’s affection.
Spirit’s shares, worth more than $60 each in 2019, nose-dived, falling more than 70% since the last trading
