jetBlue Mergers and Acquisitions Presentation Deck
Frontier has much more overlap with Spirit than JetBlue
No matter how you cut it, Frontier has greater overlap on nonstop routes with Spirit
A third-party assessment determined only 11% of JetBlue and Spirit nonstop routes overlap with
each other, compared to 18% overlap for Frontier and Spirit¹
jetBlue
X
In 2021, JetBlue overlapped with Spirit on 54 nonstop routes² (and 31 routes2 when excluding NEA-
relevant markets), compared to Frontier's 104 overlapping nonstop routes²
JetBlue transaction comes with less overlap in flights, seats, and ASMs than the Frontier
transaction in the metropolitan areas served by both³
Airline
Spirit vs.
JetBlue
Spirit vs.
Frontier
2019
2021
Flights Seats ASMs Flights Seats ASMs
31% 31% 31%
45% 45% 46%
27% 28% 29%
62% 64% 62%
2021 ex. JetBlue NEA
Flights Seats ASMs
16% 16% 13%
1 CNN Business, April 6, 2022. 2 Based on Q1-Q4 2021 domestic Department of Transportation data. 3 Full-year data for both 2019 and 2021 based on scheduled flights/seats/ASMs.
62% 64% 62%
JetBlue transaction has a similar regulatory profile to Frontier transaction, but less overlap in flights,
seats, and ASMs. Excluding the Spirit assets in NYC and BOS, overlap is cut by almost half
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