Why Spirit Airlines Stock Is Flying High Today [Yahoo! Finance]
Frontier Group Holdings, Inc. (ULCC)
Company Research
Source: Yahoo! Finance
Merger talks between Frontier Group Holdings (NASDAQ: ULCC) and Spirit Airlines (NYSE: SAVE) are reportedly heating up again, and investors are excited about the possibility. Shares of Spirit soared as much as 50% at the open on Wednesday and traded up about 40% as of 11 a.m. ET. Third time's the charm? The future of Spirit Airlines has been up in the air for some time now. In 2022, the airline agreed to combine with Frontier but JetBlue Airways stepped in with its own bid, eventually agreeing to acquire Spirit The JetBlue/Spirit combination fell apart earlier this year under the weight of regulatory scrutiny. The breakup left Spirit in a difficult position, with significant debt coming due and dealing with an engine issue that has grounded part of its fleet. Late last week, Spirit negotiated a two-month extension to refinance or extend debt coming due in 2025. Should Spirit not come up with a solution for its debt problems the airline could be forced to fly into bankruptcy
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ULCC
News
- Frontier Group Holdings, Inc. (NASDAQ: ULCC) had its price target raised by analysts at Barclays PLC from $7.00 to $10.00. They now have an "overweight" rating on the stock.MarketBeat
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- 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
ULCC
Earnings
- 10/29/24 - Miss
ULCC
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 144
- 11/13/24 - Form SC
- ULCC's page on the SEC website