JetBlue Airways and Spirit Airlines announced on July 28, 2022, that JetBlue would acquire Spirit for $3.8 billion. JetBlue expects to achieve $600-700 million in net annual synergies once the integration is complete.
Using Fligence Planning, we estimate about $420 million annual revenue synergy between JetBlue and Spirit at the current market size with their existing schedules. The traffic gain would primarily come at the loss of AA and DL. For more details, please click on the image below.
Network Synergy For JetBlue (B6) and Spirit (NK)