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The Latest Breaking News from Spirit Airlines

JetBlue is buying Spirit Airlines in a $3.8 billion deal, a day after Spirit and Frontier Airlines agreed to abandon their merger proposal

The Independent UK

Spirit Airlines Stock Surges After Cancelling Frontier Merger, Agreeing $3.8 Billion JetBlue Deal

“We are excited to deliver this compelling combination that turbocharges our strategic growth," said JetBlue CEO Robin Hayes.

The Street

Stocks Lower Ahead of GDP Data, Meta, Spirit, Ford And Apple In Focus - Five Things To Know

Stock futures lower with earnings, GDP data in focus; Meta shares tumble after Q2 earnings miss, muted ad outlook; Spirit soars after cancelling frontier deal, setting up JetBlue takeover; Ford shares leap after solid Q2 earnings, outlook hold and Apple earnings on deck amid demand, chip, China impact questions.

The Street

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Spirit Airlines ends proposed deal with Frontier, paves way for possible JetBlue takeover

Spirit Airlines has ended its proposed merger with Frontier Airlines, clearing a path for JetBlue Airways to take over the South Florida-based discount carrier.

Tribune News Service

Editorial: In the low-cost airline industry, a race to the bottom

During the golden age of commercial aviation, passengers enjoyed gourmet meals and stretched out in roomy comfort. Fast forward to the current state of flight, epitomized by Spirit Airlines, an ultra-low-cost carrier notorious for poor service that nonetheless is being pursued by two rivals.

Chicago Tribune

Fight for Control of Spirit Airlines Nears Close

Frontier is asking Spirit for more time to make the case that its lower cash offer if superior to JetBlue's offer.

The Street

Passengers 'freaking out' as plane bursts into flames after it lands on runway

Passengers were petrified by the situation as the plane was towed to the gate for the customers to disembark.

Irish Mirror

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Terror as Spirit Airlines flight erupts into flames with passengers 'freaking out' inside

Footage from inside the plane shows nervous passengers getting up from their seats and looking outside the windows, then noticing continuous smoke coming from beneath the aircraft

Daily Mirror

The brakes on a Spirit Airlines plane caught fire after landing in Atlanta

Nobody was hurt in the incident, but passengers were alarmed when they saw smoke rising from under the plane after touching down.

WEKU

Bidding war escalates, as Spirit Airlines again delays final decision on Frontier merger

For the second time this month, Broward County’s Spirit Airlines has postponed a final decision on whether to go ahead with a planned merger with Frontier Airlines.

Miami Herald

Spirit Airlines Defers Key Shareholder Vote On Frontier Deal Again

Spirit Airlines Inc (NYSE: SAVE) on Wednesday postponed a key shareholder vote on a proposed deal with Frontier Group Holding Inc (NASDAQ: ULCC) until next week.

Benzinga

Spirit Airlines Grounds Frontier Merger Vote Until July 8

Spirit Airlines delayed a Frontier merger vote to July 8 from Thursday, with a rival bid from JetBlue still in play.

Investors Business Daily

Merger vote at Spirit could reshape discount airline market

Shareholders of Spirit Airlines will vote Thursday on a proposed merger with Frontier Airlines, and the outcome could affect fares for millions of air travelers who depend on the budget airlines

The Independent UK

Spirit Airlines takeover fight heads to a vote

Frontier Airlines and JetBlue each want to remake America's airline industry.

Axios

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Benzinga

JetBlue Modifies Spirit Proposal; Urges Spirit Shareholders Vote Against Frontier Offer

JetBlue Airways (NASDAQ:JBLU) has again modified its proposal to acquire Spirit Airlines Inc (NYSE:SAVE) based on discussions with Spirit shareholders. JetBlue added a ticking fee, increased the reverse breakup fee to $400 million, and accelerated prepayment to $2.50 per share. Related: JetBlue Submits Improved Proposal For Spirit Airlines At $33.50/share The addition of a ticking…

The Street

Spirit Airlines Stock Has 2% Downside and Almost 50% Upside

Spirit Airlines stock is trading lower on worries it will accept a lower takeover bid. Here's how to approach the situation now.

Benzinga

Merger Arbitrage Mondays - Zendesk To Be Acquired By Permira and Hellman & Friedman

Editor's Note: Starting next month, we will be rolling the Merger Arbitrage Mondays series into our paid subscription services, Inside Arbitrage Plus and Inside Arbitrage Premium. The more affordable Plus service focuses on content including a monthly special situations newsletter, a model portfolio and mid-month updates. The Premium service includes both…

The Street

Stocks Edge Higher, Week Ahead, Russian Oil, Nike and Spirit Airlines - Five Things To Know

Stock futures higher as 'bear market rally' continues; Week Ahead: inflation back in focus as rate bets subside; G-7 leaders mull price cap on Russian crude; Nike shares higher ahead of Q4 earnings and Frontier sweetens Spirit Airlines bid, gets ISS approval.

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Benzinga

Raymond James Upgrades Frontier Group - Read Why

Raymond James analyst Savanthi Syth upgraded Frontier Group Holdings Inc (NASDAQ:ULCC) to Outperform from Market Perform while maintaining the same price target of $14 (an upside of 45%). The analyst states that the revised U.S. airline estimates reflect a stronger near-term revenue trend, stubbornly higher fuel prices, anticipated demand softening, and planned and expected capacity…

Tribune News Service

JetBlue again ups Spirit offer, but move could stall Fort Lauderdale growth

The bidding war between JetBlue and Frontier to acquire Broward Co., Florida-based Spirit Airlines now involves the future of Fort Lauderdale-Hollywood International Airport.

Benzinga

Why Spirit Airlines Stock Is Flying Today

Spirit Airlines Inc (NYSE: SAVE) shares are trading higher Tuesday after JetBlue Airways Corp (NASDAQ: JBLUE) increased its acquisition offer to $33.50 per share in cash, including a prepayment of $1.50 pe

Investors Business Daily

Dow Jones Jumps: Tesla Soars Despite Job Cuts; Kellogg Pops On Breakup Plan

Stocks roared higher Tuesday. Elon Musk plans Tesla job cuts, with TSLA stock soared. Kellogg will split into 3 companies.

The Street

Spirit Airlines Stock Soars As JetBlue Sweetens Takeover Bid to $3.65 Billion

"Spirit is continuing to engage in discussions with JetBlue and is continuing to work with Frontier under the terms of the existing merger agreement between Spirit and Frontier," the carrier said in a statement.

Benzinga

How Spirit Stock Will Perform As Travel Prices Soar: What Potential Mergers May Mean

Earlier this year, Frontier Group Holdings Inc (NASDAQ: ULCC) agreed to buy Spirit Airlines (NYSE: SAVE) for $2.9 billion in cash and stock. Neither of those airlines provides long international flights but are two of the cheapest domestic flight pr

Benzinga

Merger Arbitrage Mondays - The Bidding War For Spirit Airlines (SAVE) Continues

After twelve new deals were announced during the prior two weeks, merger activity ground to a halt last week with no new deals announced. Oracle completed its massive $24.3 billion deal for healthcare software company Cerner and in a trend we have been seeing for several weeks, yet another SPAC…

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