• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Investing

Frontier Airlines proposes merging with fellow budget carrier Spirit — again

by January 30, 2025
written by January 30, 2025

Frontier Airlines said Wednesday it has again proposed merging with struggling rival Spirit Airlines, which is in bankruptcy.

Frontier and Spirit first announced a deal to merge in 2022, but a JetBlue Airways offer derailed that plan. JetBlue’s proposed acquisition of Spirit was blocked by a federal judge last year, and Spirit filed for bankruptcy protection in November.

Frontier said in a release that it has met with Spirit’s board and executives since it made its proposal this month. Frontier executives said in a email to counterparts at Spirit this week that their plan is better than Spirit’s own plan to emerge from bankruptcy.

“We continue to believe that under the current standalone plan, Spirit will emerge highly levered, losing money at the operating level, and this would not be a transaction we would pursue,” wrote Frontier Chairman Bill Franke and CEO Barry Biffle in a Tuesday email to Spirit Chairman Mac Gardner and CEO Ted Christie. “As a result, time is of the essence.”

Christie and Gardner told their Frontier counterparts that they were rejecting the deal, calling the terms “inadequate and unactionable,” according to a letter shared in a securities filing on Wednesday.

Spirit said it expects to exit Chapter 11 bankruptcy this quarter. It has cut costs recently, including by slashing some 200 jobs and selling some of its Airbus planes. The airline had also been particularly challenged by a Pratt & Whitney engine recall that grounded dozens of its jets.

Budget carriers like Frontier and Spirit have struggled post-pandemic, as costs like salaries have risen and consumers have opted for trips abroad on carriers with options for roomier and more expensive seats.

Both Frontier and Spirit have been working to upend their business models that were marked by low fares and fees for add-ons from seat assignments to cabin baggage.

The airlines last year did away with cancellation and change fees for some of their tickets and started bundling perks along with tickets. Frontier last year said it would start offering a premium section at the front of the plane.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Alibaba Launches Qwen 2.5 AI, Outperforming DeepSeek-V3
next post
Tesla investors want Elon Musk to answer questions about ‘salute,’ role in Trump White House

You may also like

McDonald’s Snack Wrap is officially returning. Here’s when.

June 4, 2025

Peloton launching resale market for used bikes, treadmills

June 4, 2025

Dollar General is shaking off tariff fears and...

June 4, 2025

McDonald’s Snack Wrap is officially returning. Here’s when.

June 3, 2025

Tesla’s robotaxi launch in tech-friendly Austin has Musk...

June 3, 2025

Uber delivery chief Gore-Coty is leaving after almost...

June 3, 2025

Elon Musk’s Neuralink raises $650 million in fresh...

June 3, 2025

Byron Allen puts broadcast TV stations up for...

June 3, 2025

U.S. foreign tax bill sends jitters across Wall...

May 30, 2025

Amazon taps Xbox co-founder to lead new team...

May 30, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • McDonald’s Snack Wrap is officially returning. Here’s when.

      June 4, 2025
    • Peloton launching resale market for used bikes, treadmills

      June 4, 2025
    • Dollar General is shaking off tariff fears and winning over higher-income consumers

      June 4, 2025
    • McDonald’s Snack Wrap is officially returning. Here’s when.

      June 3, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (497)
    • Stock (6,426)

    Latest News

    • McDonald’s Snack Wrap is officially returning. Here’s when.
    • Peloton launching resale market for used bikes, treadmills

    Popular News

    • TikTok seeks to reassure U.S. employees ahead of Jan. 19 ban deadline
    • Paramount Global beats profit estimates on streaming growth, cost cuts

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy