Did JetBlue buy Spirit Airlines?

Key Takeaways. JetBlue on Monday sold off assets at Boston and Newark Liberty airports to Allegiant Air, in an effort to win approval for a merger with Spirit Airlines. JetBlue won a bidding war last year with rival Frontier Airlines to win control of Spirit.



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

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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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In the battle of airline heavy-hitters, JetBlue shines as a clear favorite for many who value a comfortable flight with spacious seating and hours of entertainment at the ready. However, for those looking for a global network of flights and earning opportunities, Delta is the undisputed champ.

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In July 2022, while this initial DOJ antitrust lawsuit was still pending, JetBlue finalized its ignominious hostile takeover of Spirit Airlines — a deal which was initially rejected by Spirit's board of directors based on antitrust concerns.

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Institutional investors own Jet Blue. The top individual JetBlue shareholders are current company executives and a former board member. JetBlue's top institutional investors include Fidelity Management Research Company (10.5% of total shares), the Vanguard Group (9.0% of total shares), BlackRock Inc.

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But the motivations are clear. For American, working with JetBlue gave it a much-needed boost in New York, where its small presence left the airline unable to compete with the likes of Delta and United. American needed JetBlue more than JetBlue needed American … and JetBlue decided it needs Spirit more.

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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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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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Despite comedians' digs, Spirit has improved its reliability in recent years — and is faring better than JetBlue by some measures. JetBlue came in last among 10 airlines in on-time arrivals this year through May, while Spirit ranked seventh, according to the Transportation Department's latest available data.

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Spirit Airlines passengers are charged for both carry-on and checked bags. This is so that the airline can keep their ticket prices low. However, one personal item that fits entirely in the smaller sizer box (such as a purse, small backpack, etc) is included with your ticket.

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