JetBlue announces a deal to buy Spirit Airlines. Fares could surge

JetBlue announces a deal to buy Spirit Airlines. Fares could surge

JetBlue had been pursuing a hostile bid for Spirit even while Spirit sought shareholder approval for a lower-priced deal with Frontier. Spirit had continually expressed concern whether regulators would approve a deal with JetBlue. But shareholders had balked at accepting Frontier’s less-valuable cash-and-stock offer when they had JetBlue’s all-cash offer on the table. JetBlue CEO …

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