The stock of discount airline Frontier Group Holdings Inc. fell 2% Wednesday after Spirit Airlines again rejected a takeover bid from the rival carrier and said it would go it alone as it emerges from bankruptcy.

Spirit Airlines updates on restructuring, including rejected proposal from Frontier; aims to finalize plan by 2025 Q1. ULCC shares up 2.26%.

Spirit Airlines has again rejected a third takeover bid from budget rival Frontier, saying that it would focus on its own plan to emerge from bankruptcy and stabilize its finances. “That said, we are disciplined acquirors and are focused on delivering for Frontier shareholders at a time when our airline is performing well in a dynamic market environment.