Low-Cost Carriers Spirit Airlines and Frontier to Combine
byDaniel McCarthy/
Two of the U.S.’s most prominent low-cost carriers are merging.
Spirit Airlines and Frontier Group Holdings announced on Monday morning that they had agreed to a $2.9 billion cash-and-stock merger deal, which be valued at $6.6 billion with net debt and liabilities, coming together to create a major player in the ultra-low fare market.
The deal was approved unanimously approved by both boards of directors of both companies and is now expected to close in the second half of 2022.
Together, the two will be able to offer 1,000 daily flights to over 145 destinations in 19 countries along with $1 billion in annual consumer savings and increase access to ultra-low fares with new routes to “underserved communities across the United States, Latin America, and the Caribbean.”
Spirit首席执行官兼总统泰德·克里斯蒂(Ted Christie)周一说:“我们很高兴与Frontier联手进一步民主化。”
克里斯蒂补充说:“这项交易集中在创建一个积极的超低票价竞争对手,以更好地为客人服务,为我们的团队成员扩大职业机会并增加竞争压力,从而为飞行公众提供更多消费者友好的票价。”
According to the Bureau of Transportation Statistics, Spirit was the 8th最大的北美航空公司大流行,而边境是10thlargest. The combined passenger count from 2019 would put the merged company at about the same passenger count as JetBlue Airways.