JetBlue ups offer for Spirit Airlines as shareholder vote on Frontier bid approaches

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York.

Leslie Josephs | CNBC

JetBlue Airways again increased its offer for Spirit Airlines as a shareholder vote for the discounter’s deal to merge with Frontier Airlines is just days away.

Frontier sweetened its offer on Friday and Spirit’s CEO told CNBC then that Spirit’s board still found that to be a superior bid.

JetBlue’s new offer raises the reverse break-up fee to $400 million from $350 million and includes a dividend to Spirit shareholders of $2.50 a share, up from a previous offer of $1.50.

Spirit shares were up 5% in afterhours trading on the news, while JetBlue’s were up less than 1% and Frontier’s were up 1%. Spirit and Frontier shares fell sharply in regular trading.

This is breaking news. Please check back for updates.

Source

Business

Apple and F1 reach 5-year media deal, bringing all races to Apple TV streaming in the U.S.

October 17, 2025

Max Verstappen of the Netherlands driving the (1) Oracle Red Bull Racing RB20 leads Carlos Sainz of Spain driving (55) the Ferrari SF-24 and Lando Norris of Great Britain driving the (4) McLaren MCL38 Mercedes into turn 1 at the start during the F1 Grand Prix of Mexico at Autodromo Hermanos Rodriguez Peter Fox – […]

Business

Small businesses are being crushed by Trump’s tariffs and economists say it’s a warning for the economy

October 17, 2025

President Donald Trump listens during a Cabinet meeting at the White House on April 30, 2025 in Washington, DC. Andrew Harnik | Getty Images Viresh Varma can’t sleep. The CEO of AV Universal Corp., a small footwear company that sells through retailers like Macy’s, Nordstrom and DSW, said he needed to take out a $250,000 […]

Business

United Airlines CEO warns an extended shutdown will hurt bookings

October 16, 2025

CEO of United Airline Scott Kirby speaks during the Semafor 2025 World Economy Summit at Conrad Washington on April 24, 2025 in Washington, DC. Alex Wong | Getty Images United Airlines CEO Scott Kirby said the federal government shutdown could hurt bookings if it continues. Despite the funding impasse, essential federal employees including Transportation Security […]