JetBlue Airways Corp. made its case for buying Spirit Airlines Inc. to Wall Street on Wednesday, but analysts remained concerned that its “headscratcher” bid could result in a corporate-culture mismatch, struggle to get regulatory approval, and end in higher fares.
JetBlue JBLU said late Tuesday it has made an all-cash offer to buy Spirit SAVE, valuing it at $3.6 billion and hoping to trump a merger agreement the ultra low-cost carrier has with Frontier Group Holdings Inc. ULCC, also a ULCC.
The…
