Spirit and Frontier Airlines plan to merge
CNN
Spirit and Frontier Airlines on Monday announced a $6.6 billion merger, a combination of low-fare carriers that would create America's fifth-largest airline.
The companies have yet to say what brand they'll fly under or who would lead management of the new airline. The combined company would offer more than 1,000 daily flights to over 145 destinations.
The merged carrier would leapfrog JetBlue (JBLU) and Alaska Air (ALK) in the number of miles flown by paying passengers, according to 2021 statistics, putting them behind the four major airlines that control about 80% of the nation's air traffic -- American (AAL), Delta (DAL), United (UAL) and Southwest Airlines (LUV).
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