Spirit Airlines terminates merger deal with Frontier

Spirit Airlines canceled its multibillion-dollar plan to merge with ultra-low-cost competitor Frontier Airlines after failing to win over shareholders. The company will instead pursue a deal with JetBlue Airways Corp. “While we are disappointed that we had to terminate our proposed merger with Frontier, we are proud of the dedicated work of our team members on the transaction over the past many months,” said Ted Christie, CEO of Spirit Airlines.