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The Latest Breaking News from Frontier

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.

Tribune News Service

Spirit Airlines Rejects JetBlue's Takeover Bid; JetBlue Renews Offer

Spirit Airlines, Inc. (NYSE: SAVE) has rejected the acquisition bid from JetBlue Airways Corp (NASDAQ: JBLU) and will proceed with the previously-announced merger agreement with Frontier Group Holdings, Inc.

Benzinga

Flight attendants settle Frontier discrimination suit

Frontier Airlines has settled a discrimination suit brought by a group of flight attendants who claimed the carrier discriminated against them during pregnancy and while breastfeeding

The Independent UK

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After $3.6 billion offer, Spirit Airlines agrees to negotiate with JetBlue

A new takeover offer for Spirit Airlines by JetBlue Airways of New York is now viewed as attractive enough for the South Florida-based carrier to enter into negotiations aimed at cutting a deal.

Tribune News Service

Spirit Airlines will talk to JetBlue about takeover bid

The fight for Spirit Airlines is heating up again

The Independent UK

JetBlue and Frontier are fighting to buy Spirit Airlines. What does that mean for South Florida?

The impending loss of Spirit Airlines as South Florida’s hometown air carrier could have a number of ramifications, ranging from hits on local employment and facilities to spikes in the prices leisure travelers pay to visit the region.

Tribune News Service

JetBlue ofrece $3,600 millones por Spirit para frustrar fusión con Frontier

Apr. 6—JetBlue Airways hizo una oferta no solicitada en efectivo para adquirir Spirit Airlines por un poco más de $3,500 millones, dos meses después que la compañía con sede en Miramar dijera que se fusionaría con su rival Frontier.

Tribune News Service

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JetBlue Airways steps up as a rival suitor for Spirit Airlines with all-cash takeover offer

South Florida-based Spirit Airlines acknowledged Tuesday that it has attracted a surprise new suitor in JetBlue Airways of New York, which is seeking to outbid a recent merger offer by Frontier Airlines of Denver.

Tribune News Service

Spirit Airlines Gets Second Takeover Bid This Year: What Investors Should Know

Spirit Airlines Incorporated (NYSE: SAVE) on Tuesday announced it received a purchase proposal from JetBlue Airways Corporation (NASDAQ: JBLU) to buy the company’s outstanding shares for $33 apiece.

Benzinga

JetBlue makes offer for Spirit Airlines, could spark bid war

JetBlue Airways is trying to buy Spirit Airlines and break up a plan for Spirit to merge with fellow budget airline Frontier

The Independent UK

Pilot called out by passenger for taking secret photos of flight attendant on plane

‘He has photos of other flight attendants on his phone. He’s creating an unsafe work environment,’ says passenger

The Independent UK

Trio joins Frontier Development Capital and more appointments news

Birmingham investment firm welcomes new faces, apprentice becomes director at media buyer and regional director joins Lloyds

Birmingham Post

3 Airline Stocks Wall Street Predicts Will Rally More Than 60%

Although an increase in jet fuel prices due to the Ukraine-Russia war has become a massive challenge for the recovering airline industry, rising travel demand globally should help many carriers advance. Hence, Wall Street Analysts expect the stocks of fundamentally sound carriers Frontier Group (ULCC), Spirit Airlines, Inc. (SAVE), and…

StockNews.com

Democrats say Spirit-Frontier merger could boost airfares

Several congressional Democrats are raising doubts about the proposed merger of Frontier and Spirit airlines

The Independent UK

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Benzinga

Frontier Communications Clocks 6.3% Revenue Decline In Q4

Frontier Communications Parent Inc (NASDAQ:FYBR) reported a fourth-quarter FY21 revenue decline of 6.3% year-on-year to $1.54 billion, missing the consensus of $1.56 billion. The growth in consumer fiber broadband was more than offset by declines in the video, voice, and wholesale services. Consumer revenue was $782 million, a 5.9% decline Y/Y, and Consumer…

Motor1

2022 Nissan Frontier Pro-4X Review: Just As Tough, Better Than Ever

After 16 years, the Nissan Frontier finally feels great.

Motor1

Nissan Debuts Three Frontier Concepts Previewing Customization Options

All the equipment is available from Nissan and aftermarket companies.

Chicago Tribune

Editorial: The feds should approve the Spirit-Frontier airline merger. Caveat emptor, nonetheless

On the day that Frontier Airlines announced its intent to merge with its fellow discount air carrier Spirit Airlines, the acquiring carrier suffered an ill-timed IT problem that briefly grounded its jets. So Monday presented a golden opportunity to the many bloggers who obsess about the airline industry and its…

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Benzinga

How This BofA Analyst Rates Frontier And Spirit Airlines Stocks After Merger Announcement

The merger deal between Spirit Airlines Incorporated (NYSE: SAVE) and Frontier Group Holdings Inc (NASDAQ: ULCC) represents an enterprise value of $6.6 billion and is in line with the long-term historical multiple of Spir

Miami Herald

Spirit-Frontier merger: Which airline emerges ‘dominant’ key to South Florida impact

The $6.6 billion-merger between South Florida-based carrier Spirit Airlines and Denver-based Frontier Airlines announced on Monday raises questions about the company’s future operations in Broward County.

Benzinga

What Airline Stocks Did After The Last 4 M&A Deals In The Industry

Spirit Airlines (NYSE: SAVE) and Frontier Airlines (NASDAQ: ULCC) announced a $2.9-billion merger Monday that aims to create one of the most competitive low-cost airfares in the U.S.

Benzinga

Here's What Spirit And Frontier Are Telling Customers About Their Planned Airline Merger

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.

Benzinga

Spirit Airlines Flies Higher After Merger Announcement: What's Next?

Spirit Airlines Inc. (NYSE: SAVE) shares are pushing higher after the company announced a merger agreement Monday with Frontier Group Holdings Inc (NASDAQ: ULCC).

Benzinga

Spirit Airlines Q4 Results Top Street View

Spirit Airlines Inc (NYSE:SAVE) reported fourth-quarter operating revenue growth of 98.1% year-over-year to $987.56 million, and +1.8% compared to 4Q19, beating the consensus of $963.15 million. Operating expenses increased 59.3% Y/Y and 24.1% compared to 4Q19 to $1.05 billion. Operating loss improved to $(61.55) million, compared to $(159.92) million a year ago. Related: Frontier,…

Chicago Sun-Times

Frontier Airlines to buy Spirit in $3B deal

The companies said Monday that the transaction will provide more low-cost fares for more travelers to destinations in the U.S., Latin America and the Caribbean.

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