Spirit Airlines shares spike 20% on report JetBlue has made bid to buy airline

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A Spirit Airlines airplane taxis for takeoff at Denver International Airport in Denver, Colorado, U.S., on Monday, Feb. 7, 2022.
Michael Ciaglo | Bloomberg | Getty Images

Shares of Spirit Airlines surged more than 22% on Tuesday after a report that JetBlue Airways has made a bid for the budget carrier.

Trading in Spirit was halted before the market close.

JetBlue’s bid, reported by The New York Times, comes less than two months after Spirit and budget rival Frontier Airlines agreed to combine.

JetBlue, Spirit and Frontier didn’t immediately comment to CNBC.

This is breaking news. Please check back for updates.

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