JetBlue & Frontier Both Want to Acquire Spirit Airlines | Should JBLU or ULCC Buy SAVE stock?

It's the year for M&A activity and a new bidding war is brewing for Spirit Airlines (SAVE): the ultra-low-cost carrier has landed on JetBlue Airways' radar as an acquisition target. Now, to get you up to speed, about two months ago Frontier made a bid to acquire Spirit in a cash and stock deal. Then JetBlue upped the ante by offering Spirit a bigger, all-cash deal. Who should buy Spirit Airlines and who would make the best fit for Spirit?

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