Spirit Airlines (FLYYQ) Eyes Merger With Frontier (ULCC) to Stay Afloat Amid Bankruptcy
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Spirit Airlines (FLYYQ), currently in bankruptcy, is in talks to merge with Frontier Group Holdings (ULCC). A deal could be announced soon, although no final agreement has been reached. Spirit filed for its second bankruptcy in less than a year, prompting the need for a merger. Frontier has been advocating for this merger, and ULCC shares rose nearly 5% in premarket trading following the news, despite being down 28% year-to-date.
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