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The Latest Breaking News from Ted Christie

Spirit Airlines exits bankruptcy protection as travel demand slows

Discount carrier Spirit Airlines has emerged from bankruptcy protection

The Independent UK

Spirit Airlines rejects Frontier’s white-knight offer to create low-cost behemoth—but they’re leaving the door open

Frontier said a deal would have created the fifth-largest airline to compete with the big four.

Fortune

Outrage Soars Over Spirit Airlines CEO's £3M Bonus Cheque Payday Amid Worker Layoffs

Spirit Airlines' CEO received a $3.8M bonus before bankruptcy, while the company faces $2.5B in losses and an unspecified number of job cuts.

International Business Times UK

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Spirit Airlines Reportedly Exploring Bankruptcy Filing, Shares Plunge

The airline is also negotiating an out-of-court agreement with bondholders to address its financial challenges following the collapse of its merger with JetBlue Airways

International Business Times

Spirit Airlines is going upscale. In a break from its history, it will offer fares with extra perks

Spirit Airlines is about to roll out tickets that include perks like free snacks and no fee for checking a bag

The Independent UK

Spirit Airlines To Defer $340 Million In Airbus Deliveries, Prepares To Furlough 260 Pilots

Spirit Airlines announces the deferral of Airbus deliveries and plans for pilot furloughs as part of comprehensive cost-cutting amid industry uncertainty.

International Business Times

JetBlue agrees to buy Spirit for $3.8B. It would create the 5th largest U.S. airline

The agreement Thursday capped a months-long bidding war and arrives one day after Spirit's attempt to merge with Frontier Airlines fell apart. The deal still needs approval from antitrust regulators.

WEKU

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Spirit Airlines ends proposed deal with Frontier, paves way for possible JetBlue takeover

Spirit Airlines has ended its proposed merger with Frontier Airlines, clearing a path for JetBlue Airways to take over the South Florida-based discount carrier.

Tribune News Service

Bidding war escalates, as Spirit Airlines again delays final decision on Frontier merger

For the second time this month, Broward County’s Spirit Airlines has postponed a final decision on whether to go ahead with a planned merger with Frontier Airlines.

Miami Herald

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…

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