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WEKU
WEKU
Business
Ayana Archie

U.S. judge blocks JetBlue's acquisition of Spirit, saying deal would hurt consumers

A JetBlue plane is shown at John F. Kennedy International Airport in New York on March 16, 2017. A federal judge has blocked JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. (Seth Wenig/AP)

Spirit Airlines stock fell 23% and JetBlue Airways dropped nearly 9% Wednesday and after a federal judge blocked their proposed merger due to concerns that it would monopolize the industry.

JetBlue, the nation's sixth-largest airline, sought to buy Spirit, the seventh-largest, for $3.8 billion.

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