Spirit Airlines Inc. said Tuesday it continues to be bound to its merger agreement with Frontier Group Holdings Inc. after getting a rival June 6 offer from JetBlue Airways Corp. . Spirit Airlines CEO Ted Christie said the carrier is giving access to the same due diligence information to both Frontier and JetBlue, on the same terms. The Miramar, Fla.-based discount airline said it will bring the process to a conclusion and provide an update to stockholders ahead of a June 30 special meeting of Spirit stockholders. Shares of Spirit Airlines are down 2.8% so far in 2022 compared to a loss of 30.9% by the Nasdaq .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.