Spirit Airlines postpones vote on Frontier merger a third time

JetBlue is offering Spirit shareholders $33.50 in cash, or $3.6 billion. Frontier's bid is mostly stock and only $4.13 per share in cash. A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport.There have been concerns that a deal with JetBlue would raise issues with antitrust regulators and would block a deal.

JetBlue says it can win antitrust approval, and that Spirit shareholders who believe airline shares will rise can plow the cash they get from JetBlue back into airline stocks.

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