Talks reportedly resume for possible Spirit, Frontier merger

📆 10/23/2024 2:35 PM
📰 10News

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Talks have begun again that could lead to a potential merger between budget airlines Spirit and Frontier, according to a Wall Street Journal report citing people familiar with the discussions. The report says the talks are still in their early stages, but that Spirit has continued discussions with bondholders to hash out the terms of a possible bankruptcy filing as part of the plan.

Spirit Airlines stock sinks after a report claimed the company was in financial troubleThe airline has seen other attempts at similar deals in the past, including in 2022 when hopes were strong to see Frontier buy Spirit in a high-profile deal that had been anticipated. JetBlue also launched what was described as a hostile takeover bid for Spirit after attempts Earlier this month Spirit Airlines stock fell on reports that the company was facing serious financial woes.

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