Spirit and JetBlue planes at Fort Lauderdale-Hollywood International Airport (FLL) in Fort Lauderdale, Florida, US, on Wednesday, Nov. 1, 2023.
"Our merger agreement with Spirit remains in effect and we still have obligations under the agreement.
This is a standard procedure, required under the merger agreement," JetBlue General Counsel Brandon Nelson said in a note to staff Friday.
The stock had dropped more than 60% after the ruling but has rebounded slightly following the appeal and after Spirit raised raised its financial forecast for the fourth quarter of 2023.
JetBlue shares rose about 1% on Monday and have climbed more than 3% since its merger with Sprit was blocked.
Persons:
Brandon Nelson, William Young, Young, Spirit, Sprit
Organizations:
JetBlue, Hollywood International, Spirit Airlines, Spirit, U.S, CNBC PRO
Locations:
Fort Lauderdale, Fort Lauderdale , Florida