Spirit Airlines merger shareholder vote postponed until July 15

Spirit Airlines announced it's once again postponing a crucial shareholder vote on a proposed merger with Frontier Airlines.

The vote was pushed back to Friday, July 15 so the company can continue discussions with Frontier Airlines and rival bidder Jetblue Airways.

• Frontier's Future With Spirit Airlines Remains Up In The Air Until At Least End Of June

This is the third time that Spirit called off a vote on Frontier's offer. The Spirit board has indicated it prefers a deal with Frontier over JetBlue, whose offer is currently higher in value amid a bidding war.