US EditionWhy Frontier Group Is Flying High Today @Themotleyfool #Stocks $ULCC
Spirit Airlines faces a liquidity crisis prompting a second Chapter 11 filing; Frontier Airlines expands overlapping routes, increasing competition and boosting its shares by over 25%, analysts say.
6 Articles
6 Articles
Frontier stands to be the big winner from Spirit's 2nd bankruptcy
Around 40% of Frontier's routes are also offered by Spirit Airlines.Joe Raedle/Getty ImagesAfter Spirit filed for bankruptcy for a second time, Frontier is set to benefit.Deutsche Bank analysts upgraded Frontier's stock rating, and its share price jumped 14.5%.With Spirit likely to consolidate and cut routes, passengers will have fewer carrier options.Spirit Airlines' latest bankruptcy filing has Wall Street tapping its rival to flourish.Frontie…
Why Frontier Group Is Flying High Today @themotleyfool #stocks $ULCC
Key PointsFrontier is poised to be one of the big winners following Spirit Airlines' return to bankruptcy.The company has a similar structure as Spirit, and could be in position to buy Spirit out of Chapter 11.Frontier and all airline stocks carry risk, but the stock could be of interest to long-term-focused investors who can handle turbulence. 10 stocks we like better than Frontier Group › A rival's issues could provide opportunities for Fronti…
Frontier stock recorded the strongest daily profit in five months. Investors speculate on market share gains after the second insolvency of their competitor Spirit Airlines.
Spirit Airlines Files For Second Bankruptcy In Less Than A Year: What To Know
Spirit Airlines has filed for bankruptcy for the second time in less than a year, underscoring the financial crisis facing the nation's largest budget carrier.Spirit announced the Chapter 11 bankruptcy filing in a news release on Friday, Aug. 29. The Dania Beach, Florida-based airline previously emerged from bankruptcy in March, after Spirit shed nearly $800 million in debt and secured $350 million in new equity.The filing came less than three w…
Frontier, Spirit engage in chat about rebuilding efforts
Days prior to Spirit Aviation Holdings filing for Chapter 11 bankruptcy protection for the second time in less than a year, executives of the parent company of Spirit Airlines (NK, Fort Lauderdale International) and Frontier Airlines Holdings, parent of Frontier Airlines (F9, Denver International), have engaged in high-level talks about potential efforts to chart a path forward, Bloomberg News reported. Spirit chairman Robert Milton sat down wit…
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