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The latest announcement is out from Frontier Group Holdings ( (ULCC) ).
On February 11, 2025, Frontier Group Holdings, Inc. issued a revised proposal to merge with Spirit Airlines, which includes issuing $400 million in debt and 19% of Frontier’s equity to Spirit’s stakeholders. The proposal eliminates the necessity for Spirit to conduct a $350 million equity rights offering. Despite the revised offer, no agreement was reached, and Spirit plans to continue its standalone restructuring, indicating potential implications for stakeholders and the airline industry’s competitive landscape.
More about Frontier Group Holdings
Frontier Group Holdings, Inc. is the parent company of Frontier Airlines, operating in the airline industry. The company focuses on providing low-cost air travel services.
YTD Price Performance: 34.58%
Average Trading Volume: 2,676,891
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.27B
For an in-depth examination of ULCC stock, go to TipRanks’ Stock Analysis page.
