Spirit Airlines, Inc. (\u201cSpirit\u201d) and Frontier Group Holdings, Inc. (\u201cFrontier\u201d), parent company of Frontier Airlines, Inc., today announced a definitive merger agreement under which the companies will combine, creating America\u2019s most competitive ultra-low fare airline.<\/p>\n\n\n\n
Together, Frontier and Spirit expect to change the industry for the benefit of consumers, bringing more ultra-low fares to more travelers in more destinations across the United States, Latin America and the Caribbean, including major cities as well as underserved communities. The stronger financial profile of the combined company will empower it to accelerate investment in innovation and growth and compete even more aggressively, especially against the dominant \u201cBig Four\u201d[1] airlines, among others.<\/p>\n\n\n\n
William A. Franke, the Chair of Frontier\u2019s Board of Directors and the managing partner of Indigo Partners, Frontier\u2019s majority shareholder, noted that Indigo has a long history with both Spirit and Frontier, and is proud to partner with them in creating a disruptive airline. \u201cWe worked jointly with the Board of Directors and senior management team across both carriers to arrive at a combination of two complementary businesses that together will create America\u2019s most competitive ultra-low fare airline for the benefit of consumers.\u201d<\/p>\n\n\n\n
\u201cWe are thrilled to join forces with Frontier to further democratize air travel,\u201d said Ted Christie, President and CEO of Spirit. \u201cThis transaction is centered around creating an aggressive ultra-low fare competitor to serve our Guests even better, expand career opportunities for our Team Members and increase competitive pressure, resulting in more consumer-friendly fares for the flying public. We look forward to uniting our talented teams to shake up the airline industry while also continuing our commitment to excellent Guest service.\u201d<\/p>\n\n\n\n
\u201cThis combination is all about growth, opportunities and creating value for everyone \u2013 from our Guests to our Team Members to the flying public at large,\u201d said Mac Gardner, Chairman of the Board of Spirit. \u201cWe\u2019re a perfect fit \u2013 our businesses share similar values, including our longstanding commitment to affordable travel. At the same time, we have complementary footprints and fleets, including one of the youngest and greenest fleets worldwide. Together, we will be even more competitive for our Guests and our Team Members, and we are confident we can deliver on the benefits of this combination to consumers.\u201d<\/p>\n\n\n\n
\u201cTogether, Frontier and Spirit will be America\u2019s Greenest Airline and deliver more ultra-low fares to more people in more places,\u201d said Barry Biffle, President and CEO of Frontier. \u201cI couldn\u2019t be more excited for our team members, customers, partners, the communities we serve and our shareholders.\u201d<\/p>\n\n\n\n
Consumers Win With More Ultra-Low Fares to More Places<\/strong><\/p>\n\n\n\n The combined airline is expected to:<\/p>\n\n\n\n \u00b7 Deliver $1 billion in annual consumer savings.<\/p>\n\n\n\n \u00b7 Offer more than 1,000 daily flights to over 145 destinations in 19 countries, across complementary networks.<\/p>\n\n\n\n \u00b7 Expand with more than 350 aircraft on order to deliver more ultra-low fares.<\/p>\n\n\n\n \u00b7 Increase access to ultra-low fares by adding new routes to underserved communities across the United States, Latin America and the Caribbean.<\/p>\n\n\n\n \u00b7 Deliver even more reliable service through a variety of operational efficiencies.<\/p>\n\n\n\n \u00b7 Expand frequent flyer and membership offerings.<\/p>\n\n\n\n Team Members Win With Expanded Opportunities and Increased Stability<\/strong><\/p>\n\n\n\n \u00b7 By 2026 Spirit and Frontier expect to add 10,000 direct jobs and thousands of additional jobs at the companies\u2019 business partners.<\/p>\n\n\n\n \u00b7 Given the growth of the combined company, it is expected that all current team members will have an opportunity to be a part of the combined airline.<\/p>\n\n\n\n \u00b7 Team Members of the combined airline will have better career opportunities and more stability as part of the most competitive ultra-low fare airline in the United States.<\/p>\n","protected":false},"excerpt":{"rendered":" Spirit Airlines, Inc. (\u201cSpirit\u201d) and Frontier Group Holdings, Inc. (\u201cFrontier\u201d), parent company of Frontier Airlines, Inc., today announced a definitive merger agreement under which the companies will combine, creating America\u2019s most competitive ultra-low fare airline. Together, Frontier and Spirit expect to change the industry for the benefit of consumers, bringing more ultra-low fares to more […]<\/p>\n","protected":false},"author":1,"featured_media":6316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Frontier Airlines and Spirit Airlines to Combine, Creating America\u2019s Most Competitive Ultra-Low Fare Airline #SAVE #ULCC #airlinenews #aviationnews","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[2,27],"tags":[121,481,514,64],"class_list":["post-6314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-airlines","category-americas","tag-aviation","tag-frontier","tag-spirit-airlines","tag-usa"],"yoast_head":"\n