Travel

How the Jetblue, Spirit merger will impact fliers

The chief executives of budget airlines JetBlue and Spirit say their deal will drive down fares for the big four air carriers that dominate the industry. However, one expert says the opposite.

JetBlue agrees to buy Spirit in $3.8B deal

The deal between JetBlue Airways and Spirit Airlines Inc. is valued at $3.8 billion, or $33.50 per share in cash. Spirit walked away from a merger with Frontier.