Spirit Airlines Stock Plummets to Record Low After Failed Merger, Raising Concerns Over Airline's Future
• Spirit Airlines stock hit record low of $5.50 per share on Monday due to failed JetBlue merger • Deal called off after being blocked by U.S. Justice Department over anti-competition concerns • Spirit in precarious financial position with $1.6 billion debt, losses, and only $69 million breakup fee • Analysts speculate Spirit may be heading toward liquidation without merger lifeline • JetBlue better positioned to move forward alone with cost cutting measures and stock up 18% this year