Spirit Airlines Rejects Frontier’s Newest Takeover Bid

‘Spirit will continue swiftly to advance and conclude its restructuring process,’ the company said.

A Spirit Airlines commercial airplane after takeoff from Harry Reid International Airport in Las Vegas on Feb. 8, 2024. Mike Blake/Reuters

Spirit Airlines rejected Frontier Airlines’ latest takeover bid on Feb. 11, instead deciding to restructure after filing for Chapter 11 bankruptcy last year.

The Florida-based company said Frontier’s offer, worth $2.6 billion, was less beneficial to Spirit shareholders than its ongoing reorganization plan.