By Michelle Chapman, The Associated Press Days ahead of a shareholder vote at Spirit Airlines over a proposed buyout by rival budget carrier Frontier, the vote was cancelled for a fourth time due to a lack of support from investors. Frontier Airlines’ CEO wrote a letter that his airline is “very far” from winning Spirit shareholder approval […]
Frontier
Posted inBusiness, News
Frontier sweetens its offer to buy Spirit Airlines
By David Koenig, The Associated Press Frontier Airlines on Friday added more cash and a larger breakup fee to its offer to buy Spirit Airlines, and the Spirit board repeated its preference for Frontier over a rival bid by JetBlue Airways. Frontier added $2 per share to its previous offer, boosting it to $4.13 in […]
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Spirit Airlines tells its shareholders to reject hostile bid from JetBlue
By Michelle Chapman, The Associated Press Spirit Airlines is advising shareholders to reject a tender offer for shares from JetBlue three days after it went hostile in its bid to create what would be the nation’s fifth largest airline. Spirit repeated Thursday that any attempt to merge with the New York carrier would face substantial […]
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Denver-based Frontier Airlines buying Spirit in $3B low-cost carrier deal
By Michelle Chapman, The Associated Press Frontier is buying Spirit Airlines in a $2.9 billion cash-and-stock deal that will create the nation’s fifth largest carrier. The tie-up is valued at $6.6 billion when accounting for the assumption of debt and other liabilities. The companies said Monday that the transaction will provide more low-cost fares for […]
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Denver-based Frontier Airlines hopes its IPO rides the U.S. wave of travel recovery
By David Koenig, The Associated Press Frontier Airlines is betting that the budding recovery in leisure travel is for real. Shares of the discount carrier were expected to begin public trading Thursday. The Denver-based airline and its private owners hope to raise $570 million before costs from the IPO after pricing 30 million shares at […]
Posted inBusiness, COVID, News
Colorado attorney general asks for federal investigation into Frontier Airlines’ coronavirus flight-change policies
Colorado Attorney General Phil Weiser on Tuesday asked the Trump administration to launch a federal investigation into Denver-based Frontier Airlines and its policies and practices around passenger flight changes during the coronavirus pandemic. “Frontier’s method of accommodating customers who changed their itineraries because of COVID-19 is both unfair and deceptive,” Weiser said in a letter […]
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Frontier Airlines wanted to charge passengers to keep the middle seat open. Then came the coronavirus backlash.
By David Koenig, The Associated Press Frontier Airlines is dropping plans to charge passengers extra to sit next to an empty middle seat after congressional Democrats accused the airline of trying to profit from fear over the new coronavirus. “We recognize the concerns raised that we are profiting from safety and this was never our […]