CNBC Pro

Will the battle for Spirit set off a rush for airline deals? Here's what could happen

JetBlue Airways plane seen at Cancun International Airport. On Wednesday, 23 March 2022, in Cancun International Airport, Cancun, Quintana Roo, Mexico.
Artur Widak | Nurphoto | Getty Images

JetBlue Airways last week disclosed a surprise bid for Spirit Airlines, sparking a battle for the discounter that in February announced a tie-up with fellow budget carrier Frontier Airlines.

JetBlue's bid for Spirit came almost 14 years to the day that Delta Air Lines announced its industry-shaping combination with Northwest Airlines. That set off a wave of airline deal-making over the following eight years that has left four airlines — American, United, Delta and Southwest — in control of about 80% of the U.S. market.

More In Deep Dives

The perils and promise of quantum computing are nearing. Here are ways to invest
CNBC ProThe perils and promise of quantum computing are nearing. Here are ways to invest
How to invest in the education tech trend as schools spend billions to close the Covid learning gap
CNBC ProHow to invest in the education tech trend as schools spend billions to close the Covid learning gap
These common myths about Ethereum's 'Merge' could trip up investors
CNBC ProThese common myths about Ethereum's 'Merge' could trip up investors