-
JetBlue Faces Tough Skies as Stock Plummets and Antitrust Trial Over Spirit Acquisition Begins
JetBlue Airways saw its stock take a nosedive to a near 12-year low on Tuesday, coinciding with the start of its antitrust trial to defend its acquisition of budget carrier Spirit Airlines. The airline’s shares fell by 15% to approximately $3.55 each during early trading, while shares of Spirit Airlines also dropped by about 10%.…