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The latest update is out from Frontier Group Holdings ( (ULCC) ).
On January 29, 2025, Spirit Airlines disclosed it received a proposal from Frontier Group Holdings for a potential merger, aiming to form a large-scale, low-fare airline. The proposal includes issuing $400 million in debt and 19% common equity to Spirit’s stakeholders, enhancing value compared to Spirit’s existing reorganization plan. However, no agreement has been reached, and the outcome remains uncertain, affecting the company’s future operations and stakeholder interests.
More about Frontier Group Holdings
Frontier Group Holdings, Inc. operates in the airline industry, primarily through its subsidiary Frontier Airlines, Inc. The company focuses on providing low-cost airline services, aiming to create a large-scale, low-fare carrier. Frontier seeks to compete effectively against larger airlines by offering a wide range of affordable fares and expanding its market presence in the U.S.
YTD Price Performance: 7.61%
Average Trading Volume: 2,467,286
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.75B
Learn more about ULCC stock on TipRanks’ Stock Analysis page.
