Frontier and Spirit Airlines will once again try to merge, only months after the Biden administration won a key antitrust court battle to block an attempt by JetBlue to buy Spirit.
Spirit filed for Chapter 11 bankruptcy protection in November 2024, six months after a proposed merger with JetBlue collapsed.
Spirit, which filed for bankruptcy protection last year, says it has rejected the new Frontier overture but would be open to a higher offer.
Frontier says a merger would be a better path out of bankruptcy for Spirit, as budget carriers struggle with high costs and competition.
On today’s episode we look at the American Eagle crash in Washington, D.C., innovations and shifts in hospitality, and Frontier’s bid for rival Spirit Air.
Frontier Airlines publicly announced a second offer to merge with Spirit Airlines in a press release after its 2022 offer was also rejected.
JetBlue’s proposed merger with Spirit Airlines was blocked by a federal judge in January after the court found that the merger would hurt consumers by combining two low-cost airlines that would ...
Denver-based Frontier Airlines says it’s ready to keep talking after bankrupt Spirit Airlines rejected its offer to merge.
Frontier is making an offer to acquire the beleaguered Spirit Airlines, which filed for bankruptcy in November.
However, Spirit quickly rejected the bid for being too low. Frontier lost out in a bidding war with JetBlue Airways but the JetBlue-Spirit planned merger was blocked due to competition concerns. Frontier Group Holdings said the bid proposal deal includes newly issued debt and common stock.
Fourth-quarter results from JetBlue Airways (NASDAQ: JBLU) were actually better than Wall Street had feared, but you would never know it from the stock's reaction. Shares of JetBlue traded down 22% for the week as of 1 p.