
Photo Credit: The New York Times
Spirit Airlines has officially rejected a second acquisition bid, reaffirming its commitment to independence despite ongoing turbulence in the airline industry. The decision comes after months of speculation over Spirit’s future, with competing carriers eyeing its budget-friendly business model and valuable market share.
While the identity of the latest bidder remains undisclosed, sources suggest that major industry players and investment firms are looking to consolidate the ultra-low-cost airline sector. Spirit’s board, however, remains steadfast, citing concerns over regulatory scrutiny, valuation mismatches, and long-term growth potential as reasons for declining the offer.
This move follows Spirit’s failed merger attempt with JetBlue, which was blocked by U.S. regulators due to antitrust concerns. With rising fuel costs, shifting travel demands, and increased competition from budget airlines, Spirit faces a challenging road ahead.
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