Spirit Postpones Shareholder Merger Vote Again to Continue Talks with Frontier, JetBlue

A Spirit Airlines aircraft on the airfield at Fort Lauderdale-Hollywood International Airport on February 7, 2022 in Fort Lauderdale, Florida.

Joe Radle | Getty Images

Spirit Airlines on Wednesday delayed a shareholder vote on a proposed merger with Frontier Airlines until July 8, hours before a meeting scheduled for Thursday to discuss options with Frontier and competitor JetBlue Airways.

This is the second time that Spirit has postponed a vote on a planned merger with Frontier and is extending the most bitter battle for an American airline in years.

Spirit originally scheduled a vote on Thursday for June 10, but postponed it for the same reasons.

Both Frontier and JetBlue raised their proposals a week before the scheduled vote.

Frontier and Spirit first announced their intention to team up in February. In April, JetBlue made a surprise offer to buy Spirit for cash, but Spirit’s board of directors repeatedly rejected JetBlue’s bids, arguing that the JetBlue takeover would not pass regulatory scrutiny.

Any combination would make the US air carrier the fifth largest.

JetBlue responded to Spirit by saying it did not negotiate in good faith, sparking a war of words between the airlines, which were vying for shareholder support ahead of the vote.

Frontier and JetBlue did not immediately comment on the delayed vote.

Shares of Spirit are up about 2% after hours, while Frontier is up more than 1% and JetBlue is down 1%.

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