Spirit Airlines
Shareholder Advisory Firm Backs Spirit-Frontier Merger
The influential shareholder advisory service Institutional Shareholder Services is now advising Spirit Airlines’ investors to vote in favor of a proposed merger with Frontier Airlines over a rival offer from JetBlue Airways, after Frontier increased its offer. The recommendation, which was delivered on Friday, is a reversal for ISS, which had previously advised Spirit shareholders […]
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Spirit Airlines Rejects JetBlue’s Offer
Spirit Airlines on Monday rebuffed an acquisition offer from JetBlue Airways, saying that the proposal was unlikely to be approved by regulators. In a letter to JetBlue, Spirit executives said that they had determined that JetBlue’s acquisition offer would be unlikely to be approved as long as that airline’s recently announced partnership with American Airlines […]
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Which U.S. Airlines Dropped Their Mask Mandate
After a federal judge struck down a nationwide mask requirement for airplanes, trains, buses and other public transportation on Monday, the country’s largest airlines said they would stop requiring masks on flights, ending a practice that most carriers followed for nearly two years. The airlines acted after a Biden administration official said the Transportation Security […]
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Bidding War for Spirit Could Undercut Power of Four Big Airlines
When the dust settled on a big round of airline consolidation nearly a decade ago, four large companies came to dominate the industry. A new merger scramble could challenge that cozy arrangement. A brewing fight over the future of the budget carrier Spirit Airlines may give rise to a credible, albeit still smaller, competitor to […]
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