Spirit Airlines is now in the unenviable position of trying to pitch a transaction to shareholders that it earlier rejected, particularly given antitrust concerns. “Obviously, a lot has been said over the previous several months, always with our stakeholders in mind,” Spirit CEO Ted Christie remarked this week on CNBC. “We’ve been listening to JetBlue, and they have a lot of fantastic ideas on their plans for it.”
The transaction must still be authorised by shareholders and antitrust authorities. And it comes amid a summer rife with airline delays and cancellations, driving passenger complaints increasing and forcing Washington to express worry.
