Spirit Air Sells Jets to Boost Cash as Possible Bankruptcy Looms [Yahoo! Finance]
Frontier Group Holdings, Inc. (ULCC)
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg Robotaxis Are No Friend of Public Transportation Booming Cambridge Exposes England's Widening Wealth Gap Oman Sees an Urban Future Distinct From Dubai and Abu Dhabi Climate Change Is Killing Buildings in Slow Motion Argentina Drug Trafficking Hotspot Sees Murders Plunge Net proceeds from the sale, combined with eliminating the plane-related debt from its balance sheet, will boost Spirit's liquidity by about $225 million through year-end 2025, according to a regulatory filing Thursday. The airline plans to deliver the planes through February to the buyer, GA Telesis LLC. The deal comes as Spirit holds talks with Frontier Group Holdings Inc. about filing for bankruptcy to facilitate a takeover by the rival discount carrier, Bloomberg reported Wednesday. Spirit is facing a liquidity crisis after its attempt to merge with JetBlue Airways Corp. was blocked on antitrust grounds, and subsequent efforts for a rescue by creditors were unsuccessful. Spi
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News
- Trump return will slow, not stop, US clean energy boom [Yahoo! Finance]Yahoo! Finance
- Frontier Group Holdings, Inc. (NASDAQ: ULCC) had its price target raised by analysts at Susquehanna from $5.00 to $6.00. They now have a "neutral" rating on the stock.MarketBeat
- Frontier Group Holdings, Inc. (NASDAQ: ULCC) had its price target raised by analysts at Barclays PLC from $6.00 to $7.00. They now have an "overweight" rating on the stock.MarketBeat
- Frontier Airlines Reports Third Quarter 2024 Financial ResultsPR Newswire
- Why Spirit Airlines Stock Is Flying High Today [Yahoo! Finance]Yahoo! Finance
ULCC
Earnings
- 10/29/24 - Miss
ULCC
Sec Filings
- 11/1/24 - Form 8-K
- 10/29/24 - Form 4
- 10/29/24 - Form 4
- ULCC's page on the SEC website