Spirit Airlines was not ultimately bought by another airline. JetBlue Airways had reached an agreement to purchase Spirit Airlines for $3.8 billion in 2022, offering $33.50 per share, aiming to create a larger low-cost carrier in the U.S. However, the deal faced significant antitrust scrutiny and was blocked by a federal judge in early 2024 due to concerns it would reduce competition and raise fares for cost-conscious travelers
. Following the failed merger with JetBlue, Spirit Airlines filed for bankruptcy in November 2024 and underwent financial restructuring, emerging from bankruptcy in March 2025 with new financing and a deleveraged balance sheet. Spirit continues to operate independently under its existing leadership, with no completed acquisition by JetBlue or any other airline as of now
. Frontier Airlines made an offer to acquire Spirit Airlines in early 2025, but Spirit rejected the offer as inadequate and decided to proceed with its bankruptcy restructuring instead
. In summary, Spirit Airlines remains an independent company after the collapse of the JetBlue acquisition deal and subsequent bankruptcy restructuring. No buyer has successfully acquired Spirit Airlines to date.
