A merger of Spirit with either Frontier or JetBlue would create the fifth-largest airline in the United States, which could better compete with the nation’s dominant carriers.

In 2022, Frontier made a bid valued at $2.9 billion to acquire a majority stake in Spirit, but it was derailed by a superior takeover offer by JetBlue Airways, which sought to buy Spirit for $3.8 ...

Frontier’s first attempt to merge with Spirit was in 2022, but it was outbid by JetBlue. However, the Justice Department sued to block JetBlue’s $3.8 billion proposal, saying that it would ...

Frontier Airlines is buying its rival low-cost carrier Spirit for $2.9 billion in cash and stock as part of a deal that will create the fifth-largest US airline.

Spirit Airlines on Tuesday rejected Frontier Group’s acquisition offer, worth about $2.16 billion, saying the bid from its fellow ultra-low-cost carrier was less beneficial to shareholders than ...

As part of the discussions, Frontier shared materials regarding the benefits of the proposed transaction with Spirit and its financial stakeholders. Based on Spirit’s bankruptcy court filings, the ...

Spirit and Frontier announced plans to merge in early February. Under the deal's terms, Spirit stockholders would receive 1.9126 shares of Frontier and $2.13 in cash for each existing Spirit share ...

Frontier warns Spirit’s bankruptcy plan would leave it highly leveraged and unprofitable, stressing the urgency of a deal. Up Next: Get 5 Dark Horse Stocks Wall Street Is Quietly Loading Up On ...

Spirit Airlines has again rejected a third takeover bid from budget rival Frontier, saying that it would focus on its own plan to emerge from bankruptcy and stabilize its finances. The offer this ...

Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late last year as budget airlines struggle.

Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late last year as budget airlines struggle.