Monday, February 07, 2022 13:19:25 UTC
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.(More)
@spiritairlines @spiritairlines
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