Spirit Airlines on Tuesday rejected Frontier Group's acquisition offer, worth about $2.16 billion, saying the bid from its fellow ultra-low-cost carrier was less beneficial to shareholders than its ...

Spirit Airlines has rejected a third takeover attempt by rival Frontier Airlines, and will instead proceed with its own recapitalisation efforts, which it expects to complete by end-March.

Spirit Airlines Inc. said it has rejected a refreshed takeover offer from rival Frontier Group Holdings Inc. and will instead ...