Spirit Airlines, the world’s largest passenger carrier, has made a $6-million offer to buy a portion of Southwest Airlines’ business from Janet Airlines, according to a source with knowledge of the matter.
The deal is expected to close by the end of this week, according the source.
The airline had already purchased the business, which has about 1,000 seats, for $8 million.
Southwest’s parent company, United Airlines, is seeking $2.6 billion in financing.
Spirit’s offer is significant for the airline, which is struggling to make inroads in an industry that is growing at a blistering pace.
It has seen more than 100,000 of its customers cancel flights due to poor weather, and it has seen a record number of cancellations, including for Friday’s big Thanksgiving weekend.
Spirit has had its shares hit record highs since its initial public offering last year, with a market value of $23 billion.