South Florida-based discount carrier Spirit Airlines announced Monday it has rejected a $3.6 billion buyout bid by JetBlue Airways, saying its suitor failed to sufficiently address antitrust concerns.

JetBlue Airways agreed to transfer some Spirit Airlines gates and flight slots at three airports to help lessen antitrust concerns over its pending acquisition of the low-cost carrier.

News JetBlue-Spirit Airlines Planned $3.8 Billion Merger Dropped Due to Antitrust Concerns U.S. Attorney General Merrick Garland called the decision "yet another victory for the Justice Department ...

To assuage antitrust concerns, JetBlue pledged to sell several airport gates and flying slots owned by Spirit to low-cost carriers Frontier Group Holdings Inc. and Allegiant Airlines.

Low-cost carriers JetBlue and Spirit called off their proposed $3.8 billion merger on Monday — weeks after a federal judge blocked the deal on anti-competition concerns. A successful dea… ...

Spirit Airlines is known for its low ticket prices—and even lower service standards—but it has faced years of mounting losses and, more recently, a failed merger. On Monday, the budget carrier ...

Why Spirit rejected Frontier's offer, twice The competing Denver-based low-cost airline first offered to buy Spirit Airlines in 2022 but was outbid by a $3.8 billion JetBlue (JBLU) deal.

Spirit Airlines’ (NYSE:SAVE) board rejected JetBlue Airways Corporation’s (NASDAQ:JBLU) overtures for the third time on Thursday. Spirit Airlines executives are emphatically rejecting JetBlue ...

Ultra low cost carrier Spirit Airlines on Monday rejected JetBlue Airways’ $33-per-share takeover offer, saying it had a low likelihood of winning approval from government regulators.

Spirit’s problems could lead to higher fares across the industry. Its low fare model had prompted major airlines to also offer a no-frills “basic economy” seats on their planes. If it is ...

By Nate Raymond BOSTON, Nov 1 (Reuters) - The CEO of Spirit Airlines on Wednesday defended in court the planned $3.8 billion acquisition of his company by JetBlue Airways as a means to create a ...

The U.S. Justice Department challenged JetBlue Airways' $3.8 billion acquisition of Spirit Airlines on Tuesday, filing an antitrust lawsuit seeking to block the deal.