Spirit faltered in the face of a hostile acquisition, finally walking out of discussions with Frontier. Spirit and JetBlue announced today that their boards of directors have approved a revised merger deal at $33.50 per share, valuing the merged airline at $7.6 billion.
“Spirit and JetBlue will continue to work together to disrupt the market and drive down rates from the Big Four airlines,” JetBlue CEO Robin Hayes said in a statement.
