Did JetBlue buy Spirit?

The Justice Department, joined by Massachusetts and other state attorneys general, sued in March seeking to block JetBlue's $3.8 billion acquisition of Spirit, alleging the deal was presumptively illegal and would lead to higher fares and fewer seats, harming millions of consumers on hundreds of routes. Trial is ...



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JetBlue agrees to buy Spirit for $3.8 billion after Frontier deal falls through.

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Spirit Airlines was acquired by JetBlue Airways for $3.8B on Jul 28, 2022 .

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JetBlue said the deal would result in annual savings of $600 million to $700 million. The acquisition would accelerate JetBlue's growth with 1,700 flights to more than 125 destinations in 30 countries, based on December 2022 schedules.

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The big four US airlines - American Airlines, Southwest Airlines, Delta Airlines and United Airlines - have by far the most capacity, accounting for 74% of US airline seats, a total of just under 73 million between them.

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High Growth Earnings: JBLU's earnings are expected to grow significantly over the next 3 years. Revenue vs Market: JBLU's revenue (4.7% per year) is forecast to grow slower than the US market (7.7% per year). High Growth Revenue: JBLU's revenue (4.7% per year) is forecast to grow slower than 20% per year.

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JetBlue has agreed to buy Spirit Airlines for $33.50 per share in cash, including $2.50 prepaid last year and an additional $0.10 per share (up to $1.80) paid each month until the deal is closed or terminated.

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The New York-based airline argues that buying Spirit will make it bigger and a stronger competitor to the biggest U.S. carriers.

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Choosing between Spirit vs JetBlue for your next flight? The quick answer is that Spirit is an ultra-low-cost airline with limited comforts and questionable customer service. JetBlue is a low-cost airline known for its quality in customer service and comfortable cabins.

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DOJ sues to block JetBlue from buying Spirit Airlines The Biden administration sued on Tuesday to block the $3.8 billion purchase, saying the deal would reduce competition and drive up air fares for consumers.

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Current Spirit livery This livery showcases a clear and straightforward but bold message painted on the engines: Home Of The Bare Fare. The bright yellow paint associates the aircraft with the idea of a fundamental and cheap product, as Singapore's low-cost carrier, Scoot, has a similar yellow livery.

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From most to least, here's where US airlines stand in terms of long-term debt at the end of the second quarter.
  • Southwest Airlines: $9.115 billion.
  • JetBlue: $3.711 billion.
  • Spirit Airlines $2.332 billion.
  • Alaska Airlines: $1.549 billion.
  • Allegiant Air: $1.273 billion.
  • Hawaiian Airlines: $868 million.


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