
If the proposed acquisition of Spirit Airlines by JetBlue gets regulatory approval, it will lead to the creation of the fifth largest airline in the United States.
Spirit Airlines is an air transport service that offers customizable travel options.
Spirit Airlines, Inc. is a major American ultra-low-cost carrier headquartered in Miramar, Florida, in the Miami metropolitan area. Spirit operates scheduled flights throughout the United States and in the Caribbean and Latin America. Spirit was the eighth largest passenger carrier in North America as of 2020, as well as the largest ultra-low-cost carrier in North America.
As of April 2022, both Frontier Airlines and JetBlue have made offers to acquire Spirit.
If the proposed acquisition of Spirit Airlines by JetBlue gets regulatory approval, it will lead to the creation of the fifth largest airline in the United States.
The broader concerns of stakeholders in the airline industry can be attributed to the fears of recession.
Should the acquisition materialize, JetBlue and Spirit Airlines will have 32,000 employees combined and will be headquartered in New York.