Jetblue Airways Plans To Buy Spirit Airlines For $3.8 Billion, Creating The Fifth-Largest U.S. Airline.

Spirit And Jetblue Should Finish The Regulatory Process And Finish The Deal By The First Half Of 2024 At The Latest.

After Spirit Airlines Withdrew From A $3 Billion Deal To Merge With Frontier Airlines On Wednesday, This Is The Latest Development.

The February Merger With Frontier Was Supposed To Offer More Low-Cost Flights Throughout The U.S., Latin America, And The Caribbean.

Cnbc Said That Spirit Ended The Deal Because It Didn't Have Enough Support From Its Shareholders To Merge With Frontier.

Frontier Guaranteed Development Even Without The Merger With Spirit, Claiming "With Jetblue Seeking To Convert Spirit Airlines Into A High-Cost Airline, Frontier Will Be Unrivaled"

Spirit Airlines Ceo Ted Christie Said Both Companies Intend To Establish "The Most Appealing National Low-Fare Alternative To The Big U.S. Carriers."

No New Travel Charges Were Mentioned, But Several Experts Said This Pact Could Hike Flight Prices Across The Sector.

Jetblue May Argue That Its Fares Are Cheaper Than Larger Carriers, Yet Being More Than Frontier And Spirit.