Based on recently proposed merger guidelines accompanied by other strategic aspects that you want to consider, examine if the Spirit and Frontier Airlines merger be allowed. 3 points. minimum 200 words, excluding calculations. Show the calculations.-Delta $29.9 billion American $29.9 billion United $24.6 billion Southwest $15.8 billion Alaska $6.2 billion JetBlue $6 billion Spirit $3.2 billion Frontier $2.1 billion Allegiant $1.7 billion Arguments against the merger- Airlines do not compete in a unified national market. Competition takes place at the city pair level. In the past mergers, concentration on a city pair basis increased substantially after the merger of Delta-Northwest in 2008, then United-Continental in 2010, and American-US Airways in 2013.Moreover, promised efficiencies were not observed Fares increased and Service quality declined Arguments for the merger - Frontier had heavy exposure in the Western US, and Spirit was much rooted in the Eastern US, with little presence in west. Florida, specifically, Miami and Orlando, were the most overlapping market across two airlines, though overall, routes overlap was minimal .Both Frontier and Spirit flew Airbus narrowbody aircraft. This gave, a fleet-related synergy with the merger. Additional capacity was meant to expand ultra-low-cost offerings across the US and render an effective ULCC