Frontier to Buy Spirit Airlines in Cash-and-Stock Deal

Posted on AllSides February 7th, 2022
From The Center

Frontier Group Holdings Inc. ULCC +3.87% agreed to buy Spirit Airlines Inc. SAVE +17.51% for $2.9 billion in cash and stock in a deal that would create a discount-airline juggernaut.

Ultralow-cost airlines, designed around cutting costs and fares by offering a more basic flying experience, have upended the airline industry in recent years. The deal unveiled Monday would bring together two of the biggest such airlines, which the carriers said would create the fifth-largest U.S. airline and allow them to compete more aggressively against larger rivals.

“This transaction is centered around creating an aggressive ultralow fare competitor to serve...

Read full story
Some content from this outlet may be limited or behind a paywall.

Wall Street Journal (News)

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
See full bias rating for Wall Street Journal (News)
Learn about media bias

More News about General News from the Left, Center and Right

From the Left

From the Center

From the Right