Frontier Group and Spirit Airlines Talk Possible Merger
- Spirit Airlines has rejected Frontier's $400 million merger proposal as it emerges from bankruptcy, ending another attempt to merge with a competing airline.
- Frontier's offer included a $350 million equity rights offering, but Spirit's board deemed it not favorable for stakeholders.
- Spirit Airlines plans to cut 200 jobs as part of a broader strategy to save $80 million annually after filing for bankruptcy in November.
- The airline previously attempted to merge with Frontier in 2022, but discussions ended due to a competing offer from JetBlue.
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Coverage Details
Total News Sources0
Leaning Left3Leaning Right3Center2Last UpdatedBias Distribution38% Left, 38% Right
Bias Distribution
- 38% of the sources lean Left, 38% of the sources lean Right
38% Right
L 38%
C 24%
R 38%
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