Airlines and the Spirit of Enterprise
In 2022, JetBlue and Spirit Airlines announced an agreement to an acquisition of Spirit by JetBlue in a $3.8 billion transaction, mostly involving an exchange of stock. The acquisition would have catapulted JetBlue from a distant #5 in the airline industry (behind United, American, Delta and Southwest) to a near rival, perhaps expanding the Big 4 to a Big 5.