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The Latest Breaking News from Frontier

Spirit Airlines takeover fight heads to a vote

Frontier Airlines and JetBlue each want to remake America's airline industry.

Axios

JetBlue Won't Take No For An Answer, Makes Another Bid For Spirit Airlines

If anything can be said about JetBlue Airways (NASDAQ: JBLU), it would be that it doesn't easily give up. The airline has offered yet another upgrade to its acquisition bid for Spirit Airlines Inc.

Benzinga

JetBlue Modifies Spirit Proposal; Urges Spirit Shareholders Vote Against Frontier Offer

JetBlue Airways (NASDAQ:JBLU) has again modified its proposal to acquire Spirit Airlines Inc (NYSE:SAVE) based on discussions with Spirit shareholders. JetBlue added a ticking fee, increased the reverse breakup fee to $400 million, and accelerated prepayment to $2.50 per share. Related: JetBlue Submits Improved Proposal For Spirit Airlines At $33.50/share The addition of a ticking…

Benzinga

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JetBlue again ups Spirit offer, but move could stall Fort Lauderdale growth

The bidding war between JetBlue and Frontier to acquire Broward Co., Florida-based Spirit Airlines now involves the future of Fort Lauderdale-Hollywood International Airport.

Tribune News Service

Featured jobs: Sydney Festival, Frontier Touring Morey Media

Joyously embracing the art of summer since 1977, Sydney Festival is a city-wide celebration of culture, creativity and the questioning mind. With a 46-year legacy of dynamic, conspicuous programming, the Festival draws the finest artists in the world to Sydney, and showcases our nation’s diverse storytellers to the world. As…

Pedestrian.tv

How Spirit Stock Will Perform As Travel Prices Soar: What Potential Mergers May Mean

Earlier this year, Frontier Group Holdings Inc (NASDAQ: ULCC) agreed to buy Spirit Airlines (NYSE: SAVE) for $2.9 billion in cash and stock. Neither of those airlines provides long international flights but are two of the cheapest domestic flight pr

Benzinga

Merger Arbitrage Mondays - The Bidding War For Spirit Airlines (SAVE) Continues

After twelve new deals were announced during the prior two weeks, merger activity ground to a halt last week with no new deals announced. Oracle completed its massive $24.3 billion deal for healthcare software company Cerner and in a trend we have been seeing for several weeks, yet another SPAC…

Benzinga

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Why This Spirit Airlines Analyst Is Turning Bullish

A merger of Spirit Airlines Incorporated (NYSE: SAVE) is “a high probability outcome,” and a merger with JetBlue Airways Corporation (NASDAQ: JBLU) is more likely than with Frontier (NASDAQ: <

Benzinga

JetBlue Now Flying Nonstop To Vancouver, Its First Canadian Destination

JetBlue Airways Corporation (NASDAQ: JBLU) is now flying nonstop from New York’s John F. Kennedy International Airport (JFK) to Vancouver International Airport (YVR), with the first flight arriving in British Columbia tonight.

Benzinga

Spirit Airlines Postpones Vote On Frontier Merger Following JetBlue's New Takeover Bid

Spirit Airlines Inc. (NYSE: SAVE) has abruptly postponed its Friday stockholder vote on its merger with Frontier Group Holdings (NASDAQ: ULCC) after JetBlue Airways (NASDAQ:

Benzinga

Spirit reviews latest JetBlue counteroffer as takeover fight nears finale

Hours after Spirit Airlines received a revised takeover bid from JetBlue Airways, the South Florida-based carrier said Monday its board of directors would review it.

Tribune News Service

JetBlue Ups Offer On Spirit Takeover Bid: What You Need To Know

JetBlue Airways (NASDAQ: JBLU) has upped the ante on its unsolicited acquisition of Spirit Airlines Inc. (NYSE: SAVE) as Spirit pushes ahead on a planned merger with Frontier Group Holdings Inc.

Benzinga

Frontier adds $250 million reverse breakup fee to Spirit bid in effort to deflect JetBlue

Frontier Airlines, in a move crafted to deflect JetBlue Airways’ bid for South Florida-based Spirit Airlines, has added a $250 million reverse breakup fee to its merger proposal.

Tribune News Service

Morning Brief: Top Financial Stories Dominating on Friday, June 3

CNBC

Benzinga

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Benzinga

Frontier, Spirit Airlines Amend Merger Agreement - See What's The Change

Spirit Airlines Inc (NYSE:SAVE) and Frontier Group Holdings Inc (NASDAQ:ULCC), the parent company of Frontier Airlines, Inc., amended their previously announced merger agreement. In the unlikely event the combination is not consummated for antitrust reasons, Frontier would pay a reverse termination fee of $250 million, or $2.23 per share, to Spirit under the provisions of…

Benzinga

Spirit Airlines Sticks To Frontier Deal - Ball Is In The Shareholders' Court Now

Frontier Airlines parent Frontier Group Holdings Inc (NASDAQ:ULCC) commented on Spirit Airlines Inc.'s (NYSE:SAVE) rejection of JetBlue Airways Corp's (NASDAQ:JBLU) offer. "We are pleased that the Spirit Board of Directors has again reaffirmed its commitment to combining with Frontier, which increases competition by bringing more ultra-low fares to more travelers and delivering substantial shareholder value," stated Barry…

Tribune News Service

Spirit urges shareholders to reject JetBlue’s hostile bid

JetBlue Airways’ hostile takeover bid for Spirit Airlines took a bitter turn on Thursday as the board of directors of the South Florida-based discount carrier urged its shareholders to spurn the offer.

The Independent UK

Woman gives birth on plane with help from ‘exemplary’ flight attendant

Frontier Airlines praised flight attendant’s ‘calm’ demeanour during unexpected airborn delivery

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Benzinga

Don't Expect High Airfares To Go Soon, Frontier Airlines' CEO Believes

According to Barry Biffle, CEO of Frontier Group Holdings Inc. (NASDAQ: ULCC), airfares could remain high for the foreseeable future because the forces driving up pricing aren't going away.

ABC News

More than 90,000 South Australian public servants now involved in payroll data breach

South Australia's Treasurer says 13,088 current and former public servants more than previously thought had their personal information stolen in a cyber attack last year.

The Denver Post

Frontier flight attendant helped woman give birth in air, airline says

DENVER — A woman gave birth to a baby aboard a Frontier flight from Denver International Airport on the way to Orlando, the airline said in a Facebook post.

Benzinga

Frontier Communications Registers 11% Revenue Decline In Q1 Due To Lower Video, Voice, Wholesale Services

Frontier Communications Parent, Inc (NASDAQ:FYBR) reported a first-quarter FY22 revenue decline of 10.7% year-on-year to $1.45 billion, in line with the consensus. The growth in consumer fiber broadband was offset by declining video, voice, and wholesale services. Consumer revenue was $776 million, a 4.9% decline Y/Y, and Consumer fiber revenue was flat Y/Y…

Tribune News Service

NC woman sued Frontier Airlines over vomit-covered seats. Now lawsuit is settled

When a mother and daughter boarded their plane home in 2019, they were greeted with their seating area covered in vomit, authorities said.

Benzinga

Why Spirit Airlines Stock Is Grounded Today

Spirit Airlines Inc (NYSE: SAVE) shares are trading lower Monday after the company rejected JetBlue Airways Corp's (NASDAQ: JBLU) proposal and said it will proceed with its previously-announced mer

Tribune News Service

Spirit Airlines rejects JetBlue buyout bid on antitrust concerns, will stick with Frontier offer

FORT LAUDERDALE, Fla. — South Florida-based discount carrier Spirit Airlines announced Monday it has rejected a $3.6 billion buyout bid by JetBlue Airways, saying its suitor failed to sufficiently address antitrust concerns.

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