JetBlue makes offer for Spirit in attempt to derail deal with Frontier

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JetBlue makes offer for Spirit in attempt to derail deal with Frontier
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JetBlue made an unsolicited $3.6 billion offer for low-fare rival Spirit Airlines in an attempt to derail a proposed deal between Spirit and Frontier Airlines

JetBlue's cash offer is about 33% more than the value of Frontier's stock-and-cash offer for Spirit. Such a transaction would stop a combined Frontier and Spirit from leapfrogging JetBlue to become the nation's fifth largest airlines behind the four airlines — American , United , Delta and Southwest — that among them carry more than 80% of the nation's air traffic.

5 complaints per 100,000 passengers, according to stats kept by the US Department of Transportation. JetBlue had the second most complaints on that basis with 6.4, but that was down 43% from a year earlier. Frontier had the third most in the industry with 5.8. IN 2020, Frontier had by far the worst rate of complaints when it recorded 49.3 complaints per 100,000 customers.

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