Rather than accept Frontier’s offer, Spirit said it will stick to its current plan to emerge from Chapter 11 bankruptcy.
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.
Denver-based Frontier Airlines says it’s ready to keep talking after bankrupt Spirit Airlines rejected its offer to merge.
Discount carrier says a merger would be a better path out of bankruptcy for Spirit, which has rebuffed the latest proposal.
Budget carrier Frontier Airlines announced on Wednesday that it has made another bid for fellow discount carrier Spirit Airlines, which is in bankruptcy, for an undisclosed sum.
Frontier Airlines’ second attempt at acquiring rival Spirit Airlines could impact not only one but two western Pennsylvania airports although the bankrupt air carrier said it preferred to emerge from bankruptcy protection as a standalone carrier.
The Federal Aviation Administration announced that Frontier Airlines implemented a ground stop for all destinations, but lifted the order shortly thereafter.
On today’s episode we look at the American Eagle crash in Washington, D.C., innovations and shifts in hospitality, and Frontier’s bid for rival Spirit Air.
In our opinion, Southwest has the best balance sheet of all the US-based carriers. As the pandemic has wreaked havoc on air travel demand and airlines’ business model, liquidity became more paramount since 2020 than it had been in previous years.
Despite pressure to cut costs and an activist investor campaign, Southwest reported a healthy profit for the fourth quarter.
Frontier Airlines has made another bid for Spirit Airlines, but the offer failed to sway the South Florida-based ULCC as it proceeds through a Chapter 11 restructuring.