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The Latest Breaking News from Frontier

Frontier, JetBlue are at a stalemate in merger battle for Spirit

With a fateful vote a day away, Spirit Airlines Inc. is standing alone at the altar despite having two suitors that have spent months trying to acquire the low-cost carrier.

Tribune News Service

Editorial: In the low-cost airline industry, a race to the bottom

During the golden age of commercial aviation, passengers enjoyed gourmet meals and stretched out in roomy comfort. Fast forward to the current state of flight, epitomized by Spirit Airlines, an ultra-low-cost carrier notorious for poor service that nonetheless is being pursued by two rivals.

Chicago Tribune

Should You Avoid Spirit After It Delays Deal With Frontier for Third Time?

Spirit Airlines (SAVE) deferred its shareholder vote for the third time since its proposed merger with Frontier Group (ULCC) was announced in early February. The company has also received an all-cash offer from JetBlue Airways (JBLU), and signing either deal would create the fifth largest airline in the U.S. Considering…

StockNews.com

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Australian company secures $700,000 deal for carbon capture and storage machine

AspiraDAC device can remove two tonnes of CO2 a year and store it underground using direct air capture technology

The Guardian - AU

Stock Market Rally Under Pressure; Micron, GM, Nike, RH Warn: Weekly Review

The new uptrend quickly came under pressure with the major indexes down sharply. Micron and GM warned on earnings.

Investors Business Daily

Bidding war escalates, as Spirit Airlines again delays final decision on Frontier merger

For the second time this month, Broward County’s Spirit Airlines has postponed a final decision on whether to go ahead with a planned merger with Frontier Airlines.

Miami Herald

Spirit Airlines Defers Key Shareholder Vote On Frontier Deal Again

Spirit Airlines Inc (NYSE: SAVE) on Wednesday postponed a key shareholder vote on a proposed deal with Frontier Group Holding Inc (NASDAQ: ULCC) until next week.

Benzinga

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Spirit Airlines Grounds Frontier Merger Vote Until July 8

Spirit Airlines delayed a Frontier merger vote to July 8 from Thursday, with a rival bid from JetBlue still in play.

Investors Business Daily

Merger vote at Spirit could reshape discount airline market

Shareholders of Spirit Airlines will vote Thursday on a proposed merger with Frontier Airlines, and the outcome could affect fares for millions of air travelers who depend on the budget airlines

The Independent UK

Spirit Airlines takeover fight heads to a vote

Frontier Airlines and JetBlue each want to remake America's airline industry.

Axios

JetBlue Won't Take No For An Answer, Makes Another Bid For Spirit Airlines

If anything can be said about JetBlue Airways (NASDAQ: JBLU), it would be that it doesn't easily give up. The airline has offered yet another upgrade to its acquisition bid for Spirit Airlines Inc.

Benzinga

JetBlue Modifies Spirit Proposal; Urges Spirit Shareholders Vote Against Frontier Offer

JetBlue Airways (NASDAQ:JBLU) has again modified its proposal to acquire Spirit Airlines Inc (NYSE:SAVE) based on discussions with Spirit shareholders. JetBlue added a ticking fee, increased the reverse breakup fee to $400 million, and accelerated prepayment to $2.50 per share. Related: JetBlue Submits Improved Proposal For Spirit Airlines At $33.50/share The addition of a ticking…

Benzinga

JetBlue again ups Spirit offer, but move could stall Fort Lauderdale growth

The bidding war between JetBlue and Frontier to acquire Broward Co., Florida-based Spirit Airlines now involves the future of Fort Lauderdale-Hollywood International Airport.

Tribune News Service

Featured jobs: Sydney Festival, Frontier Touring Morey Media

Joyously embracing the art of summer since 1977, Sydney Festival is a city-wide celebration of culture, creativity and the questioning mind. With a 46-year legacy of dynamic, conspicuous programming, the Festival draws the finest artists in the world to Sydney, and showcases our nation’s diverse storytellers to the world. As…

Pedestrian.tv

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Benzinga

How Spirit Stock Will Perform As Travel Prices Soar: What Potential Mergers May Mean

Earlier this year, Frontier Group Holdings Inc (NASDAQ: ULCC) agreed to buy Spirit Airlines (NYSE: SAVE) for $2.9 billion in cash and stock. Neither of those airlines provides long international flights but are two of the cheapest domestic flight pr

Benzinga

Merger Arbitrage Mondays - The Bidding War For Spirit Airlines (SAVE) Continues

After twelve new deals were announced during the prior two weeks, merger activity ground to a halt last week with no new deals announced. Oracle completed its massive $24.3 billion deal for healthcare software company Cerner and in a trend we have been seeing for several weeks, yet another SPAC…

Benzinga

Why This Spirit Airlines Analyst Is Turning Bullish

A merger of Spirit Airlines Incorporated (NYSE: SAVE) is “a high probability outcome,” and a merger with JetBlue Airways Corporation (NASDAQ: JBLU) is more likely than with Frontier (NASDAQ: <

Benzinga

JetBlue Now Flying Nonstop To Vancouver, Its First Canadian Destination

JetBlue Airways Corporation (NASDAQ: JBLU) is now flying nonstop from New York’s John F. Kennedy International Airport (JFK) to Vancouver International Airport (YVR), with the first flight arriving in British Columbia tonight.

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Benzinga

Spirit Airlines Postpones Vote On Frontier Merger Following JetBlue's New Takeover Bid

Spirit Airlines Inc. (NYSE: SAVE) has abruptly postponed its Friday stockholder vote on its merger with Frontier Group Holdings (NASDAQ: ULCC) after JetBlue Airways (NASDAQ:

Tribune News Service

Spirit reviews latest JetBlue counteroffer as takeover fight nears finale

Hours after Spirit Airlines received a revised takeover bid from JetBlue Airways, the South Florida-based carrier said Monday its board of directors would review it.

Investors Business Daily

Stocks Fade From Early Gains; JetBlue Ups Buyout Offer For Spirit; Treasury Yields Rise

The stock market gained as investors anticipated slower inflation. Spirit sweetened its offer for JetBlue. Solar stocks soared.

Benzinga

JetBlue Ups Offer On Spirit Takeover Bid: What You Need To Know

JetBlue Airways (NASDAQ: JBLU) has upped the ante on its unsolicited acquisition of Spirit Airlines Inc. (NYSE: SAVE) as Spirit pushes ahead on a planned merger with Frontier Group Holdings Inc.

Tribune News Service

Frontier adds $250 million reverse breakup fee to Spirit bid in effort to deflect JetBlue

Frontier Airlines, in a move crafted to deflect JetBlue Airways’ bid for South Florida-based Spirit Airlines, has added a $250 million reverse breakup fee to its merger proposal.

Benzinga

Morning Brief: Top Financial Stories Dominating on Friday, June 3

CNBC

Benzinga

Frontier, Spirit Airlines Amend Merger Agreement - See What's The Change

Spirit Airlines Inc (NYSE:SAVE) and Frontier Group Holdings Inc (NASDAQ:ULCC), the parent company of Frontier Airlines, Inc., amended their previously announced merger agreement. In the unlikely event the combination is not consummated for antitrust reasons, Frontier would pay a reverse termination fee of $250 million, or $2.23 per share, to Spirit under the provisions of…

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