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Fortune

Stuart Dyos

Spirit Airlines rejects Frontier’s white-knight offer to create low-cost behemoth—but they’re leaving the door open

Spirit Frontier Spirit Airlines Barry Biffle Bill Franke Ted Christie

A Spirit airliner takes off from Los Angeles International Airport. (Credit: AaronP—Bauer-Griffin/GC Images)

Spirit Airlines rejected a $400 million merger proposal from Frontier this week, saying the offer was financially inadequate and came too late.

Spirit Airlines declined an opportunity to merge with rival low-cost airline Frontier on Wednesday.

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One subscription that gives you access to news from hundreds of sites

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