Frontier, Spirit Airlines revive merger talks, WSJ reports
Publishing timestamp: 2024-10-23 11:51:58
Summary
Frontier Airlines is exploring a renewed bid for Spirit Airlines, which has been struggling financially. Talks of a possible merger are at an early stage, and if a deal is reached, it may involve Spirit restructuring its debt in bankruptcy. Spirit has been in discussions with bondholders after its failed merger with JetBlue, and has extended its debt refinancing deadline. The airline has warned of a bigger third-quarter loss due to competition for price-sensitive leisure travelers and oversupply of airline seats in the domestic market.
Sentiment: MIXED
Keywords: spirit airlines inc, jetblue airways corp, business, business news, frontier group holdings inc, airlines,
Source: https://www.cnbc.com/2024/10/23/frontier-spirit-airlines-revive-merger-talks-wsj-reports.html