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Frontier and Spirit Airlines Merging


deicer

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https://www.cnbc.com/2022/02/07/frontier-and-spirit-to-merge-creating-5th-largest-airline-in-us.html

Frontier and Spirit to merge creating fifth-largest airline in U.S. in $6.6 billion deal

KEY POINTS
  • Frontier Airlines and Spirit Airlines, the two largest low-cost carriers in the U.S. have agreed to merge, creating what would become the fifth-largest airline in the country.
  • The company boards approved the deal over the weekend, prior to the CEOs of both airlines announcing the agreement in New York City.
  • The deal, valued at $6.6 billion, is structured with Frontier Airlines controlling 51.5% of the merged airline while Spirit will hold the remaining 48.5%.
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