Spirit Airlines rejected Frontier Group's acquisition offer worth about $2.16 billion, marking the latest failed deal in the years since the companies began discussing a merger.

Spirit Airlines rejected another acquisition offer by Frontier Airlines to combine the operations of both airlines, standing firm to its decision back in 2022 to reject a similar takeover. While Spirit remains in bankruptcy,

Spirit and Frontier started talks to merge their operations, but the process hit a snag when JetBlue Airways swooped in with a bolder $4 billion offer in March 2024.

Spirit Airlines again rejected Frontier Airlines’s latest takeover bid, opting to instead focus on its restructuring process to bolster financial stability.  Spirit, an ultra-low-cost airline,

(AP Photo/David J. Phillip, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Spirit Airlines has again rejected a third takeover bid from budget rival Frontier, saying that it would focus on its own plan to emerge from bankruptcy ...

The two airlines have sent proposals and counterproposals during a recent bid from Frontier to take over bankrupt Spirit Airlines.

Spirit’s approval comes after the third merger attempt by Denver-based ULCC Frontier Airlines, part of a back-and-forth process between the two budget carriers that dates back to 2022 when Frontier made a run for Spirit but was usurped by JetBlue.

After filing for bankruptcy protection and going back and forth with Frontier Airlines — again — over a potential acquisition, Spirit Airlines has a new plan.

Feb. 12 (UPI) --Spirit Airlines Tuesday rejected Frontier's most recent merger proposal, opting to proceed with its own standalone recapitalization without a merger instead. Spirit Airlines said ...

Spirit Airlines rejected Frontier's revised $2.16 billion acquisition offer, which was similar to an earlier proposal but with fewer conditions; Spirit countered with a demand for $600 million in debt and $1.

Frontier Airlines' longest route from Las Vegas Harry Reid International Airport (LAS) is to New York John F. Kennedy International Airport (JFK), coming in at 2,248 miles long. In February 2025, the ultra-low-cost carrier will operate 28 flights in each direction, equating to a daily service.

While the strong brand and loyal customer base make a full closure unlikely, the pool of investors who will be able to pull the struggling airline back on track is limited — and, now that Spirit has rejected a merger offer from Frontier ( FRON) for a second time, got even smaller.