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WEKU
Business
The Associated Press

JetBlue agrees to buy Spirit for $3.8B. It would create the 5th largest U.S. airline

A line of Spirit Airlines jets sit on the tarmac at the Orlando International Airport on May 20, 2020, in Orlando, Fla. (Chris O'Meara/AP)

JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation's fifth-largest airline if the deal can win approval from antitrust regulators.

The agreement Thursday capped a months-long bidding war and arrives one day after Spirit's attempt to merge with fellow budget carrier Frontier Airlines fell apart.

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