Spirit Airlines Stock Plummets After Major Setback

Shares of Spirit Airlines (NYSE: SAVE) have dropped over 50% after a US judge blocked its $3.8B merger with JetBlue Airways (NASDAQ: JBLU), citing antitrust concerns. Both airlines plan to appeal the ruling. Hawaiian Airlines' acquisition deal by Alaskan Airlines (ALK) is also in question. Surprisingly, JetBlue's stock has risen 6% despite the blocked merger. Investors are cautious about the uncertain future of Hawaiian Airlines.