A merger led Monday morning markets, with Frontier Airlines and Spirit Airlines announcing their proposed alliance on February 7. While Frontier and Spirit are ultra-low-cost carriers (ULCCs) the merger is for big money, a reported $6.6 billion in a combined cash and stock deal.
Frontier (ULCC: NASDAQ) rose 3.47% while Spirit (SAVE: NYSE) soared +17.17% on the news.
If federal regulators approve the deal, airline market share numbers will move as well. While the Big 4 (American, Southwest, Delta and United) will remain the largest U.S. carriers, the Frontier/Spirit combo will leap into fifth place with a market share of 8.7%, ahead of Alaska and Jet Blue, each
→ Continue reading at Forbes