Financial News:
Spirit Airlines
Frontier and Spirit Airlines announced plans to merge today. Spirit is up and Frontier down in premarket.
The budget carriers said they would save $1 billion a year while adding jobs.
The airlines, which together offer 1,000 daily flights serving destinations in the United States, the Caribbean and Latin America, said in a statement they would achieve $1 billion in annual savings from combining, without layoffs. They also said they expected to add 10,000 direct jobs by 2026 and create thousands more through their business partners.
Photo: Spirit Airlines, Inc., is an American ultra-low-cost carrier headquartered in Miramar, Florida, in the Miami metropolitan area. Spirit operates scheduled flights throughout the United States and in the Caribbean and Latin America.
Content ID: 1644239068 Created Monday, February 07, 2022 1:04 PM UTC by Aaron Stipkovich, Updated Monday, February 07, 2022 2:43 PM UTC by Aaron Stipkovich.