Frontier sweetens Spirit Airlines merger bid as shareholder vote looms

A Frontier Airlines plane near a Spirit Airlines plane at Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida.

Joe Raedle | Getty Images

Frontier Airlines has sweetened its bid to combine with fellow low-cost airline Spirit Airlines, the airline said late Friday, less than a week before Spirit shareholders are due to vote on the deal.

The new offer, $2 a share more than Frontier’s original cash and stock offer, comes after JetBlue Airways repeatedly upped its bid to buy Spirit outright as an all-cash deal.

Shares of Spirit and Frontier each rose in after-hours trading following Spirit’s statement. JetBlue was slightly lower.

This is breaking news. Please check back for updates.

https://www.cnbc.com/2022/06/24/frontier-sweetens-offer-for-spirit-airlines-merger-as-shareholder-vote-looms.html Frontier sweetens Spirit Airlines merger bid as shareholder vote looms

Joshua Buckhalter

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