spirit airlines

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10 People Hospitalized After Device Fire Breaks Out On Spirit Airlines Flight

by Gary Leff on March 2, 2023

Mar 02 2023

Spirit Airlines flight 259 from Dallas to Orlando diverted to Jacksonville, Florida on Wednesday afternoon as smoked filled the cabin of the aircraft when the battery of a passenger’s electronic device caught fire in an overhead bin. Once on the ground, 10 passengers and crew were hospitalized.

Smoke also reportedly filled the cockpit. A retired fireman assisted cabin crew in dousing the flames. Meanwhile, air traffic control gave the flight’s captain a direct routing to get on the ground.

JetBlue Goes On Offense As Feds Prepare To Sue To Stop Spirit Airlines Deal

by Gary Leff on February 2, 2023

Feb 02 2023

The federal government is preparing to sue to block JetBlue’s acquisition of Spirit Airlines. They’re paying a 40% premium over what Frontier Airlines was offering. And they even have to pay a lot of the money if the deal doesn’t close.

JetBlue is ramping up the P.R. side of the fight releasing a video that tells their story about how growing their airline is good for consumers.

Spirit Airlines Gate Agents Lay Down The Law With Passengers When Cancelling Flight

by Gary Leff on December 31, 2022

Dec 31 2022

Spirit Airlines flight NK1095 from Philadelphia to Orlando on December 26 cancelled, after a delay of several hours. Passengers in the boarding area were not at all happy, and Spirit gate agents have… their own way of communicating with customers. They let everyone know there would be refunds, or rebookings, but passengers would have to wait several days if they wanted another flight from Philadelphia. And don’t expect Spirit to pay for hotels!

This video of the announcements is… really something.

Spirit Airlines Mortgages Its Frequent Flyer Program For $1 Billion

by Gary Leff on November 9, 2022

Nov 09 2022

This underscores a major reason why Spirit Airlines launched a major revamp of its loyalty program, introducing a relevant program which replaced a completely irrelevant one.

This deal values Spirit’s loyalty assets, whose 2021 revenue totaled $96 million, at $4.2 billion, even though the market cap of the entire business is only a little over half that.

Free Offer: Don’t Pay Fees Flying Spirit Airlines For 90 Days

by Gary Leff on September 20, 2022

Sep 20 2022

I find travel on Spirit to be a value but I am not likely to fly them in the next 3 months, and certainly not enough to requalify after the 3 month status match, so won’t pursue this myself – but several of you will find this helpful.

Agreement Reached: JetBlue To Buy Spirit Airlines

by Gary Leff on July 28, 2022

Jul 28 2022

Yesterday Spirit Airlines shareholders rejected an agreement to sell to Frontier with JetBlue offering far more money.

Now Spirit’s board has agreed to sell to JetBlue under the same terms as the New York-based carrier’s last offer – a price 40% higher than Frontier was offering at the time it was made a month ago.

Frontier Loses Its Bid To Acquire Spirit, Looks Like Spirit-JetBlue Is Next

by Gary Leff on July 27, 2022

Jul 27 2022

JetBlue wants to buy Spirit for parts – gates, slots (though they’d divest many of those), pilots and planes. And they’re willing to pay $400 million for the chance to get the deal to close in the face of government opposition.

Meanwhile the most likely way to get regulatory approval is to trade the American Airlines joint venture, which the federal government is also opposing. If they can make that deal quickly, they can presumably have Spirit.

Frontier’s Deal To Acquire Spirit Airlines Has Problems

by Gary Leff on June 29, 2022

Jun 29 2022

Spirit Airlines sent me their release indicating that tomorrow will not be the day that shareholders vote on whether to sell to Frontier Airlines.

Instead the shareholder meeting will be adjourned and reconvened on July 8. Spirit wouldn’t do this if all their ducks were lined up to gain approval for the Frontier deal that their board has endorsed.

Spirit Airlines Shareholders Should Take The JetBlue Deal. You Should Hope They Don’t.

by Gary Leff on June 29, 2022

Jun 29 2022

JetBlue’s proposed deal to acquire Spirit Airlines is better for Spirit shareholders than Frontier’s is. Spirit management supports the Frontier deal, and it will probably be approved. JetBlue is offering 40% more for Spirit Airlines than Frontier is. With Spirit’s shares falling to slightly below Frontier’s offer, the market thinks the successful suitor will be Frontier, not JetBlue.

However a Frontier deal for Spirit is actually better for consumers, even though JetBlue’s product is better than the one offered by either airline.

JetBlue Doesn’t Know When To Quit, Raises Offer To Buy Spirit Airlines

by Gary Leff on June 27, 2022

Jun 27 2022

When Frontier Airlines raised its offer to buy Spirit Airlines and gave the Spirit Airlines board cover to again endorse a merger between the two airlines (walking away from a much bigger offer from JetBlue that faces greater anti-trust scrutiny) it seemed like game over. The new offer even got the endorsement from two independent proxy advisory firms.

JetBlue isn’t done though. They’ve come out with a new, increased offer in advance of Thursday’s Spirit Airlines shareholders meeting, a last ditch effort.

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