Spirit Airlines rebuffs JetBlue's bid, presses ahead with Frontier merger

Spirit Airlines Inc. said Monday that it will stick with the acquisition bid offered by Frontier Group Holdings Inc., spurning a potential deal with JetBlue Airways Corp. On Monday, the Miramar, Florida-based airline's board said in a release that "it has determined that the proposed (JetBlue) transaction is not reasonably capable of being consummated. The board continues to believe that the pending transaction with Frontier represents the best opportunity to maximize value and recommends that Spirit…