
Spirit Airlines Inc (NYSE:SAVE) and Frontier Group Holdings Inc (NASDAQ:ULCC) on Monday announced plans to join forces in order to create a more competitive, ultra-low fare airline.
Spirit and Frontier told investors that the planned merger will result in a stronger financial profile for the combined company, empowering it to accelerate investments in innovation and growth and compete even more aggressively in the airline space. So what does the business combination mean for existing customers of the low-cost airlines?