Frontier Airlines is attempting to acquire the bankrupt Spirit Airlines, offering newly issued debt and common stock. This comes after a previous failed attempt in 2022 when JetBlue outbid Frontier. The proposed merger faces scrutiny due to the potential impact on airfares and competition within the budget airline industry.
Spirit Airlines planes sat parked at the closed George Bush Intercontinental Airport on Tuesday, January 21, 2025, in Houston. (AP Photo/David J. Phillip) Frontier Airlines is making another attempt to merge with the now bankrupt Spirit Airlines , which filed for bankruptcy late last year as budget airlines struggle. Frontier Group Holdings Inc., the parent company of Frontier Airlines , announced on Wednesday that the proposed deal would involve newly issued Frontier debt and common stock.
Frontier previously tried to merge with Spirit in 2022 but was outbid by JetBlue. However, the Justice Department filed a lawsuit to block the $3.8 billion JetBlue deal, arguing it would increase prices for Spirit customers reliant on low fares. A federal judge agreed in January. JetBlue and Spirit abandoned their merger bid two months later. Spirit filed for Chapter 11 bankruptcy protection in November. The largest U.S. budget airline, Spirit, filed for bankruptcy after reaching an agreement with bondholders. The airline has incurred losses exceeding $2.5 billion since the start of 2020 and faces substantial debt payments totaling over $1 billion in 2025 and 2026.
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