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Spirit Airlines continues to mull Frontier, JetBlue offers, with shareholder vote on June 30

40937 spirit airlines continues to mull frontier jetblue offers with shareholder vote on june 30

An earlier version of this article contained incorrect information about Frontier Group’s offer. The information has been removed.

Spirit Airlines Inc. SAVE, -4.67% said Tuesday it continues to be bound to its merger agreement with Frontier Group Holdings Inc. ULCC, -7.26% after getting a rival June 6 offer from JetBlue Airways Corp. JBLU, -11.43%. Spirit Airlines CEO Ted Christie said the carrier is giving access to the same due diligence information to both Frontier and JetBlue, on the same terms. The Miramar, Fla.-based discount airline said it will bring the process to a conclusion and provide an update to stockholders ahead of a June 30 special meeting of Spirit stockholders. Shares of Spirit Airlines are down 2.8% so far in 2022 compared to a loss of 30.9% by the Nasdaq COMP, -4.68%.

Source: Marketwatch

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