The Latest Breaking News from Spirit

On the day that Frontier Airlines announced its intent to merge with its fellow discount air carrier Spirit Airlines, the acquiring carrier suffered an ill-timed IT problem that briefly grounded its jets. So Monday presented a golden opportunity to the many bloggers who obsess about the airline industry and its…

Y. Michele Kang is now the controlling owner in Washington.

Spirit Airlines Inc (NYSE: SAVE) and Frontier Group Holdings Inc (NASDAQ: ULCC) on Monday announced plans to join forces in order to create a more competitive, ultra-low fare airline. 

Spirit Airlines Inc. (NYSE: SAVE) shares are pushing higher after the company announced a merger agreement Monday with Frontier Group Holdings Inc (NASDAQ: ULCC).

Spirit Airlines Inc (NYSE:SAVE) reported fourth-quarter operating revenue growth of 98.1% year-over-year to $987.56 million, and +1.8% compared to 4Q19, beating the consensus of $963.15 million. Operating expenses increased 59.3% Y/Y and 24.1% compared to 4Q19 to $1.05 billion. Operating loss improved to $(61.55) million, compared to $(159.92) million a year ago. Related: Frontier,…

The companies said Monday that the transaction will provide more low-cost fares for more travelers to destinations in the U.S., Latin America and the Caribbean.

Frontier Airlines' parent will buy fellow ultra-low cost carrier Spirit Airlines to create the No. 5 U.S. carrier. SAVE stock jumped.

Spirit Airlines Inc (NYSE: SAVE) and Frontier Group Holdings Inc (NASDAQ: ULCC), the parent company of Frontier Airlines, Inc., 

Frontier Airlines’ parent company is buying Spirit Airlines in a $2.9 billion cash-and-stock deal that will allow the combined airline to be more competitive against its larger rivals