|Bid||17.12 x 1200|
|Ask||17.20 x 2200|
|Day's Range||17.06 - 17.35|
|52 Week Range||15.92 - 27.88|
|Beta (5Y Monthly)||1.13|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 02, 2023 - May 08, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan 24, 2023|
|1y Target Est||26.29|
The $3.8 billion deal also faces a challenge from the Justice Department over concerns about competition.
California and three other states have joined a federal lawsuit aimed at blocking JetBlue's $3.8 billion purchase of Spirit Airlines, which is scheduled for trial this fall. New Jersey, Maryland and North Carolina also joined in an updated version of the complaint that was filed Friday in federal district court in Boston. The Biden administration argues that the deal would reduce competition and drive up prices for airline consumers by eliminating Spirit, which is known for low fares.
California and three other states on Friday joined the U.S. Justice Department lawsuit aimed at preventing JetBlue Airways from buying rival discount carrier Spirit Airlines for $3.8 billion. In addition to California, Maryland, New Jersey, and North Carolina signed on to the lawsuit filed in early March. "We look forward to litigating this important case alongside our state law enforcement partners to stop JetBlue from eliminating its rival, Spirit," Principal Deputy Assistant Attorney General Doha Mekki said in a statement.