Spirit's delay allows airline bidding war time to play out
The delay indicates that Spirit lacks support to approve the Frontier merger.
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The delay indicates that Spirit lacks support to approve the Frontier merger.
Frontier is trying to fend off an attempt by JetBlue Airways to swoop in and grab Spirit.
JetBlue said it increased its cash offer to $33.50 per share, or more than $3.6 billion.
Spirit shareholders are also scheduled to vote Friday on Frontier's offer.
