Spirit, Frontier Airlines Agree To Merge | Aviation International News

Spirit, Frontier Airlines Agree To Merge

The $6.6 billion merger of Frontier and Spirit Airlines would generate $3.5 billion in annual revenues based on 2021 results.

A Spirit Airlines Airbus A321 departs Los Angeles International Airport. (Photo: Flickr: Creative Commons (BY) by beltz6)

By Gregory Polek • Senior Editor

February 7, 2022

Spirit Airlines and Frontier Airlines parent Frontier Group Holdings have signed a definitive agreement to merge, creating what they call the most competitive ultra-low-fare airline in the U.S., the companies revealed Monday. The $6.6 billion transaction, which has won unanimous approval from the boards of directors of both companies, values Spirit at $2.9 billion. Upon the transaction’s closing, Frontier shareholders will own some 51.5 percent of the merged airlines while existing Spirit shareholders will own the balance. The sides expect the transaction to close in the second half of this year.

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