NEW YORK (AP) — Shares of Spirit Airlines rose Thursday after it postponed a vote for the second time on a proposed merger with Frontier Airlines, allowing for a bidding war over the budget airline between Frontier and JetBlue Airways to play out.
The delay, announced hours before the scheduled vote, indicated that Spirit lacked support to approve the Frontier merger.
JetBlue CEO Robin Hayes said Spirit shareholders gave their board a mandate to negotiate a sale to his…