New York CNN — Spirit Airlines could end up in bankruptcy and be forced out of business because of a federal court decision to block a proposed sale to JetBlue Airways, according to a note from an airline analyst. Unlike many airline bankruptcies, in which the airline in bankruptcy court either sheds debt and emerges a financially healthier company or ends up being purchased by another carrier and merged into its operations, the more likely scenario for Spirit would be a liquidation of its assets, according to a note from Helane Becker, an analyst with Cowen. “We recognize this sounds alarmist and harsh, but the reality is we bel
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