Citi: Spirit Airlines Shutdown Creates a Huge Win for Frontier Stock
Citi raised Frontier PT to $4.90 as Spirit shuts down, boosting ULCC’s growth outlook and short-term upside potential.
/ 7 items
#ULCC↓
Spirit Airlines Shuts Down After 34 Years: First Major Victim of the Iran War Fuel Crisis
The board meeting ended with no agreement to rescue the company. The White House had proposed $500 million in financing for a 90% equity stake.
The End of Spirit Airlines: Cheap Flights May Never Be the Same
Spirit Airlines may stop flying after failed $500M bailout; shares crash, flights uncertain, and fares may rise as competition drops.
Low-Cost Airlines Plunge as Trump Team Prepares $500 Million Bailout for Spirit
The Trump administration is close to approving up to $500 million rescue financing for Spirit Airlines.
United Beats Q1 Earnings & Revenue Estimates But Slashes Full-Year Guidance on Surging Fuel Prices
United beat Q1 expectations with higher revenue, but fuel costs rose so it cut flights and lowered profit forecast.
JetBlue Explores Merger with United, Southwest, or Alaska After Spirit Deal Failed
JetBlue shares jumped after a report revealed the airline is exploring mergers with United, Southwest, or Alaska. What’s next after the failed Spirit deal?