FX.co ★ Spirit Airlines Down 15% On News That Merger With JetBlue Airways May Not Succeed

The stock of Spirit Airlines, Inc. (SAVE) is experiencing over a 15% drop on Friday morning, due to the announcement that its planned merger with JetBlue Airways Corporation may not push through.

JetBlue Airways announced on Friday that it notified Spirit some stipulations of their merger agreement might not be achieved before the deadline. They also informed Spirit that the merger agreement might be called off after January 28.

Presently, SAVE's stock price is at $6.07. Over the past 52 weeks, it has fluctuated between $4.04 and $20.24.