On Monday, JetBlue Airways (JBLU) officially announced the termination of its $3.8 billion merger with Spirit Airlines (SAVE). The airline operator ended its merger pursuit after a federal judge initially blocked the deal in January, claiming it would've ended up hurting consumers. Boyd Group International President Mike Boyd joins Yahoo Finance to discuss what the scrapped JetBlue-Spirit deal means for the two airline companies. Boyd explains how Spirit, which was hoping to be absorbed by JetBlue, can prosper going forward: "They understand markets. You know, the idea of just expand for the sake of expansion, they're out of Denver. They pulled out of Manchester, New Hampshire, they have added other routes, they're looking at places where they can make money. Remember these... ultra-low-cost carriers are no longer chasing Florida traffic. They're chasing traffic from Grand Rapids to Dallas, places like that, where they're really trying to provide a lot more competition than they did before. I think Spirit's going to do very well there..." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

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