Frontier Group Holdings (ULCC) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.14 per share a year ago.
Frontier Communications urged shareholders on Friday to vote for a $20 billion takeover bid from Verizon , saying that it had reviewed interest from other potential buyers and found the telecom giant's proposal as the most favorable option.
Spirit Airlines (SAVE) shares are surging nearly 20% in premarket trading Wednesday on a report that Frontier Airlines parent Frontier Group Holdings (ULCC) is in the early stages of a renewed bid for its rival discount carrier.
Three passengers filed a lawsuit against Frontier Airlines, alleging they suffered injuries when a flight caught on fire while landing at a Las Vegas airport.
If the deal does happen, it would come about as part of Spirit restructuring its debt via a bankruptcy, The Wall Street Journal reported.
The carriers have held early-stage deal discussions, as Spirit continues negotiations with bondholders over possible bankruptcy terms.
More than two years after a merger deal fell apart, Frontier Airlines is considering another run at acquiring Spirit Airlines, the Wall Street Journal reported Tuesday night.
Frontier Airlines is exploring a renewed bid for Spirit Airlines , the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Frontier Group (ULCC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
I previously rated Verizon stock a hold due to risks from value segment cannibalization, limited cost-cutting potential, and balanced upside/downside risks. Verizon has a track record of overpaying and underdelivering on M&A deals, and I fear Frontier will be more of the same. Upside potential from Verizon's premium positioning is offset by risks from the M&A and management distraction, leading to a balanced risk-reward profile.
Frontier Airlines pilots have voted to authorize a strike, the Air Line Pilots Association said on Tuesday.
Some of Frontier Communications' largest shareholders are concerned about its planned $9.6 billion takeover by Verizon Communications , with its second-largest investor planning to vote against the deal, three sources sources familiar with the firm's plans said.