Why are JetBlue and Frontier share prices up today? JetBlue and Frontier shares rise after Spirit shutdown creates growth opportunity

Why are JetBlue and Frontier share prices up today? Shares of JetBlue Airways and Frontier Airlines increased in premarket trading after Spirit Airlines stopped operations. Investors expect both airlines to gain passengers, routes, and pricing power. Spirit’s exit may reduce fare competition in leisure markets like Florida. The shutdown ended Spirit’s 34-year run and may reshape the US airline industry.