Frontier Airlines and Spirit Airlines Moving Forward to Create America’s Most Competitive Ultra-Low Fare Airline
DENVER, May 19, 2022 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc. (“Frontier”) (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., today commented on Spirit Airlines’ (“Spirit”) (NYSE: SAVE) announcement that it is urging shareholders to reject JetBlue Airways’ (“JetBlue”) unsolicited tender offer to acquire all outstanding shares of Spirit's common stock.
- We are working with Spirit to complete our merger and create a true nationwide ultra-low fare airline to compete against the dominant Big Four airlines and other high-cost airlines, including JetBlue.
- We remain focused on moving forward with Spirit to drive competition and deliver enhanced value to all of our stakeholders.
- Once combined, Frontier and Spirit expect to deliver annual run-rate operating synergies of $500 million after full integration is completed.
- All forward-looking statements in this communication are based upon information available to Frontier and Spirit on the date of this communication.