Frontier Purchases Spirit Airlines, Creates U.S.' Fifth-Largest Carrier

Monday - 07/02/2022 15:27
The merger is expected to close in the second half of this year, "subject to satisfaction of customary closing conditions, including completion of the regulatory review process and approval by Spirit stockholders," the release said. A spokesperson for Frontier told Newsweek that the name that the merged airlines will fly under will be determined at a later point in time

Frontier Airlines is purchasing Spirit Airlines in a nearly $3 billion deal that will produce the fifth-largest carrier in the U.S.

Frontier and Spirit said in a joint news release that they will provide more low-cost flying fares to more travelers in destinations across the U.S., Latin America and the Caribbean.

"This transaction is centered around creating an aggressive ultra-low fare competitor to serve our guests even better, expand career opportunities for our team members and increase competitive pressure, resulting in more consumer-friendly fares for the flying public," Spirit CEO Ted Christie said in a statement.

Read More (...)

Author: Editors Desk


Total notes of this article: 0 in 0 rating

  Reader Comments

You might also be interested in:
Wall Street's lavish bonuses are getting slashed

Wall Street's lavish bonuses are getting slashed

A new report from consulting firm Johnson Associates forecasts that year-end bonus pay will decline...

You did not use the site, Click here to remain logged. Timeout: 60 second