JetBlue swoops in with $3.6B offer for rival Spirit Airlines: report
Spirit Airlines on Tuesday said it received an unsolicited offer from JetBlue Airways for about $3.6 billion, potentially snarling merger plans between Frontier Group Holdings and Spirit. Shares of Spirit rose 22%, their highest level since mid-February. Airline stocks have suffered as air travel fell-off dramatically during the COVID-19 lockdowns. Spirit’s 52-week high of $39.19...