Spirit Airlines Stock News

Spirit's (SAVE) fourth-quarter results reflect a significant improvement on a year-over-year basis as air-travel demand recovers.

Veteran budget airline investor Bill Franke has pledged to avoid what he once called the "path to hell" after masterminding a $2.9 billion merger of discount airlines - letting dealmaking get the bett

Spirit Airlines' (SAVE) proposed $2.9-billion merger deal with budget carrier, Frontier Airlines, is expected to enhance competition and create the fifth-largest U.S. airline.

Politicians are under huge pressure to fight inflation as a rapid uptick in prices hits consumers' wallets and offsets wage hikes.

The two biggest U.S. ultra-low cost carriers want to team up.

NEW ORLEANS , Feb. 7, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Spirit Airlines Inc. (NYSE: SAVE ) to Frontier Group Holdings, Inc. (NASDAQ: ULCC ). Under the terms of the proposed transaction, shareholders of Spirit will receive only 1.9126 shares of Frontier and $2.13 in cash for each share of Spirit that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the Full story available on Benzinga.com

NEW YORK , Feb. 7, 2022 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Spirit Airlines, Inc. ("Spirit Airlines" or the "Company") (NYSE: SAVE ), in connection with the proposed merger of the Company with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC ). Under the terms of the merger agreement, the Company''s shareholders will receive 1.9126 shares of Frontier plus $2.13 in cash for each share of Spirit Airlines common stock that they hold, representing implied per-share merger consideration of approximately $26.65 based upon Frontier''s February 7, 2022 closing price of $12.82 . Upon completion of the transaction, Frontier shareholders will own approximately 51.5% of the combined company, while Spirit Airlines shareholders will own 48.5% of the combined company. Full story available on Benzinga.com

ABC News published this video item, entitled "By the Numbers: Budget carriers Frontier and Spirit Airlines announce merger" - below is their description.

Frontier Airlines parent company is buying Spirit Airlines in a $2.9 billion cash-and-stock deal that will allow the combined airline to be more competitive against its larger rivals.

By David Shepardson WASHINGTON (Reuters) A bid by budget carriers Frontier Group Holdings and Spirit Airlines Inc to create the fifth-largest U.S. airline will face close scrutiny from the Justice Department, lawyers said Monday.

© Reuters. FILE PHOTO: A Spirit Airlines Airbuys A320-200 airplane sits at a gate at the OHare Airport in Chicago, Illinois October 2, 2014.REUTERS/Jim Young/File Photo By Rajesh Kumar Singh and Aishwarya Nair CHICAGO (Reuters) -Budget carriers Frontier Group Holdings and Spirit Airlines (NYSE:) Inc on Monday unveiled plans to create the fifth-largest U.S. airline

The acquisition will form a combined budget airline that is the fifth largest carrier in the market.

Two of South Floridas largest low-cost airlines are teaming up.

Here’s the latest for Monday, Feb. 7: New Jersey to end school mask mandates; World leaders in talks over Ukraine; Frontier Airlines is buying Spirit Airlines; Olympic mascot toy is big seller in Beijing.

Spirit Airlines Incorporated (NYSE:SAVE) and Frontier Group Holdings Inc (NASDAQ:ULCC) have announced a $6.6 billion merger to create one of the largest low-cost airlines in the U.S. The new airline is set to bring more low fares to more travelers in more destinations in the United States, Latin America, and the Caribbean. Q4 2021 hedge []