US Market News
1月前
FRONTIER AIRLINES ANNOUNCES DISCOUNTED RESCUE FARES TO SUPPORT SPIRIT AIRLINES CUSTOMERSMay 2, 2026 2:54 AM
PR Newswire (US)
Frontier Serves More than 100 Routes Previously Flown by SpiritDENVER, May 2, 2026 /PRNewswire/ -- Frontier Airlines today announced systemwide rescue fare discounts and is also offering a $199 GoWild All-You-Can-Fly Summer Pass to support travelers affected by Spirit Airlines' end of operations, helping customers maintain access to low fares.
Frontier currently serves more than 100 routes previously flown by Spirit and will expand further this summer with nine additional routes, plus 15 additional daily flights across 18 former Spirit markets, giving customers more options to rebook their travel plans with confidence while keeping fares low."Spirit Airlines played an important role in expanding access to affordable travel and bringing more low fares to more people," said Bobby Schroeter, Frontier's Chief Commercial Officer. "We recognize this is a difficult time for their customers and team members. Frontier is making discounted fares available to help people keep their travel plans and maintain access to low fares."To support impacted travelers, Frontier is offering up to 50% off base fares* across its network for travel through November 19. Customers can book by May 10 at FlyFrontier.com or on the Frontier mobile app using promo code SAVENOW. Travel on Tuesday, Wednesday, and Saturday qualifies for a 50% base fare discount with a 21-day advance purchase, while other days of week are eligible for a 10% discount with no advance purchase required. Certain blackout dates apply.Frontier is also offering its 2026 GoWild Summer Pass for just $199**, providing access to unlimited flights across the airline's network through the summer.To learn more about the GoWild Summer Pass, click here.More Than 100 Frontier Routes Currently In Service Formerly Flown By SpiritSERVICE TO/FROM: SERVICE FREQUENCY: Atlanta (ATL) to/from Dallas (DFW)3x/dailyAtlanta (ATL) to/from Detroit (DTW)2x/dailyAtlanta (ATL) to/from Newark, N.J. (EWR)2x/dailyAtlanta (ATL) to/from Fort Lauderdale, Fla. (FLL)3x/dailyAtlanta (ATL) to/from Houston Bush (IAH)3x/dailyAtlanta (ATL) to/from Las Vegas (LAS)2x/dailyAtlanta (ATL) to/from Orlando, Fla. (MCO)4x/dailyAtlanta (ATL) to/from Miami (MIA)3x/dailyAtlanta (ATL) to/from New Orleans (MSY)DailyAtlanta (ATL) to/from Chicago O'Hare (ORD)2x/dailyAtlanta (ATL) to/from Philadelphia (PHL)4x/dailyAtlanta (ATL) to/from San Juan, P.R. (SJU)DailyAtlanta (ATL) to/from Tampa, Fla. (TPA)3x/dailyAustin, Texas (AUS) to/from Orlando, Fla. (MCO)4x/weeklyNashville (BNA) to/from Las Vegas (LAS)4x/weeklyNashville (BNA) to/from Orlando, Fla. (MCO)DailyBoston (BOS) to/from Orlando, Fla. (MCO)DailyBoston (BOS) to/from San Juan, P.R. (SJU)2x/weeklyBurbank, Calif. (BUR) to/from Las Vegas (LAS) 4x/weeklyBaltimore (BWI) to/from Cancun, Mexico (CUN)3x/weeklyBaltimore (BWI) to/from Fort Lauderdale, Fla. (FLL)DailyBaltimore (BWI) to/from Houston Bush (IAH)DailyBaltimore (BWI) to/from Orlando, Fla. (MCO)2x/dailyBaltimore (BWI) to/from San Juan, P.R. (SJU)DailyCleveland (CLE) to/from Fort Lauderdale, Fla. (FLL)2x/dailyCharlotte, N.C. (CLT) to/from Fort Lauderdale, Fla. (FLL)DailyCharlotte, N.C. (CLT) to/from New York LaGuardia (LGA)DailyCharlotte, N.C. (CLT) to/from Orlando, Fla. (MCO)2x/dailyCharlotte, N.C. (CLT) to/from Philadelphia (PHL)2x/dailyCharlotte, N.C. (CLT) to/from Miami (MIA)DailyColumbus, Ohio (CMH) to/from Fort Lauderdale, Fla. (FLL)2x/weeklyColumbus, Ohio (CMH) to/from Orlando, Fla. (MCO)DailyCancun, Mexico (CUN) to/from Dallas (DFW)DailyCancun, Mexico (CUN) to/from Detroit (DTW)WeeklyCancun, Mexico (CUN) to/from Houston Bush (IAH)DailyCancun, Mexico (CUN) to/from Orlando, Fla. (MCO)2x/weeklyCancun, Mexico (CUN) to/from Chicago O' Hare (ORD)DailyDallas (DFW) to/from Detroit (DTW)DailyDallas (DFW) to/from Newark, N.J. (EWR)DailyDallas (DFW) to/from Fort Lauderdale, Fla. (FLL)DailyDallas (DFW) to/from Las Vegas (LAS)3x/dailyDallas (DFW) to/from Los Angeles (LAX)2x/dailyDallas (DFW) to/from New Orleans (MSY)4x/weeklyDallas (DFW) to/from New York LaGuardia (LGA)DailyDallas (DFW) to/from Orlando, Fla. (MCO)3x/dailyDallas (DFW) to/from Miami (MIA)DailyDallas (DFW) to/from New Orleans (MSY)2x/weeklyDallas (DFW) to/from Chicago O'Hare (ORD)2x/dailyDallas (DFW) to/from San Juan, P.R. (SJU)DailyDetroit (DTW) to/from Fort Lauderdale, Fla. (FLL)DailyDetroit (DTW) to/from Houston Bush (IAH)DailyDetroit (DTW) to/from Las Vegas (LAS)DailyDetroit (DTW) to/from Orlando, Fla. (MCO)2x/dailyDetroit (DTW) to/from Miami (MIA)2x/weeklyDetroit (DTW) to/from Philadelphia (PHL)2x/weeklyDetroit (DTW) to/from Ft. Myers, Fla. (RSW)2x/weeklyDetroit (DTW) to/from Tampa, Fla. (TPA)4x/weeklyNewark, N.J. (EWR) to/from Orlando, Fla. (MCO)DailyNewark, N.J. (EWR) to/from San Juan, P.R. (SJU)3x/weeklyFort Lauderdale, Fla. (FLL) to/from Columbus (CMH)3x/weeklyFort Lauderdale, Fla. (FLL) to/from Houston Bush (IAH)DailyFort Lauderdale, Fla. (FLL) to/from Indianapolis (IND)2x/weeklyFort Lauderdale, Fla. (FLL) to/from Chicago O'Hare (ORD)DailyFort Lauderdale, Fla. (FLL) to/from Indianapolis (IND)4x/weeklyFort Lauderdale, Fla. (FLL) to/from Philadelphia (PHL)2x/dailyFort Lauderdale, Fla. (FLL) to/from Raleigh, N.C. (RDU)4x/weeklyFort Lauderdale, Fla. (FLL) to/from San Juan, P.R. (SJU)DailyGuatemala City, Guatemala (GUA) to/from Orlando, Fla. (MCO)4x/weeklyHouston Bush (IAH) to/from Las Vegas (LAS)2x/dailyHouston Bush (IAH) to/from Los Angeles (LAX)DailyHouston Bush (IAH) to/from Orlando, Fla. (MCO)2x/dailyHouston Bush (IAH) to/from Miami (MIA)DailyHouston Bush (IAH) to/from Chicago O'Hare (ORD)DailyIndianapolis (IND) to/from Las Vegas (LAS)2x/weeklyIndianapolis (IND) to/from Orlando, Fla. (MCO)DailyLas Vegas (LAS) to/from Los Angeles (LAX)2x/dailyLas Vegas (LAS) to/from Chicago O'Hare (ORD)DailyLas Vegas (LAS) to/from Kansas City (MCI)4x/weeklyLas Vegas (LAS) to/from Reno, Nev. (RNO)DailyLas Vegas (LAS) to/from Santa Ana, Calif. (SNA)DailyLos Angeles (LAX) to/from Chicago O'Hare (ORD)DailyNew York LaGuardia (LGA) to/from Orlando, Fla. (MCO)DailyNew York LaGuardia (LGA) to/from Miami (MIA)3x/weeklyOrlando, Fla. (MCO) to/from New Orleans (MSY)DailyOrlando, Fla. (MCO) to/from Chicago O'Hare (ORD)DailyOrlando (MCO_ to/from Memphis (MEM)3x/weeklyOrlando, Fla. (MCO) to/from Norfolk, Va. (ORF)DailyOrlando, Fla. (MCO) to/from Philadelphia (PHL)5x/dailyOrlando, Fla. (MCO) to/from Pittsburgh (PIT)DailyOrlando, Fla. (MCO) to/from Pensacola, Fla. (PNS)2x/weeklyOrlando, Fla. (MCO) to/from Richmond, Va. (RIC)2x/weeklyOrlando, Fla. (MCO) to/from San Pedro Sula, Honduras (SAP)3x/weeklyOrlando, Fla. (MCO) to/from San Antonio (SAT)2x/weeklyOrlando, Fla. (MCO) to/from San José, Costa Rica (SJO)DailyOrlando, Fla. (MCO) to/from San Juan, P.R. (SJU)5x/dailyMiami (MIA) to/from Chicago O'Hare (ORD)4x/weeklyMiami (MIA) to/from Philadelphia (PHL)2x/dailyMiami (MIA) to/from San Juan, P.R. (SJU)DailyChicago O'Hare (ORD) to/from Ft. Myers, Fla. (RSW)2x/weeklyChicago O'Hare (ORD) to/from San Juan, P.R. (SJU)DailyChicago O'Hare (ORD) to/from Tampa, Fla. (TPA)4x/weekPhiladelphia (PHL) to/from San Juan, P.R. (SJU)3x/dailySan Juan, P.R. (SJU) to/from Tampa, Fla. (TPA)DailyAbout Frontier Airlines
Frontier Airlines, Inc. (NASDAQ: ULCC) is a value-focused airline operating one of the youngest and most fuel-efficient fleets in the United States. With a growing network and continued investment in product upgrades, including the introduction of First Class seating and enhanced loyalty benefits, Frontier is giving customers more comfort, flexibility, and rewards while keeping fares low.* About the Promotional Fare Offer:
Tickets must be purchased by 11:59 pm Eastern time on May 10, 2026. Discount applies to nonstop and connect itineraries for domestic and international travel, through Nov. 19, 2026. A 50% discount applies to travel on Tuesday, Wednesday, and Saturday with 21-day advance purchase required. A 10% discount applies to travel on all days of week with no advance purchase requirement. The following blackout travel dates apply: May 21-22, 25, 2026; Jun. 18-30, 2026; Jul. 1-19, 2026; Sep. 3-4, 7, 2026, Oct. 5-18, 2026. Discount does not apply to Y class fares, which are our highest fares and may be the only fares available on certain dates or flights. Round trip purchase is not required.The promo code applies to BASE FARE ONLY, not to government taxes and fees or carrier-imposed fees and requires purchase at FlyFrontier.com or on the Frontier mobile app using promo code SAVENOW. Promo code must be applied directly by customer on flyfrontier.com, the Frontier mobile app, or requested from a Frontier Airlines call center agent. Use of promo codes by third parties is expressly prohibited. All travel rules will apply, including Frontier Airlines' Contract of Carriage.** About the GoWild Summer Pass Offer:
This promotion applies to any GoWild bookings made from May 2, 2026 through May 8, 2026 at 11:59 PM MT for travel within the continental United States from May 2, 2026 through September 8, 2026. No blackout dates (early booking fees shown below may apply). A limited number of GoWild seats will be available on every Frontier-operated domestic flight during the promotional booking window. See full GoWild Summer Pass Terms and Conditions.GoWild Early Booking Fee pricing varies by travel date:
For Travel 5/2/2026 through 6/10/2026:
- All non-peak dates: $0 EBF (effective fare $0.01 base + taxes/fees per segment)
- Peak dates (listed below): $99 (includes taxes and fees), one-way per segment For Travel 6/11/2026 through 9/8/2026:
- Tuesday and Wednesday departures: $0 EBF (effective fare $0.01 base + taxes/fees per segment)
- Monday, Thursday, Friday, Saturday, Sunday departures: $49 one-way per segment
- Peak dates (listed below): $99 (includes taxes and fees), one-way per segment Peak dates priced at $99 one-way (includes taxes and fees), continental US only: May 21, 22, 25; June 25, 26, 27, 28; July 2, 3, 4, 5, 6; September 3, 4, 7. GoWild Early Booking Fee is waived for any GoWild pass holder traveling through May 20, 2026; May 23-24, 2026; May 26 – June 10, 2026, and on segments departing on Tuesdays and Wednesdays Jun. 16, 2026 - Sep. 8, 2026. Other General GoWild Pass Terms and Conditions
GoWild fares are only available at FlyFrontier.com to GoWild members. Members must be logged in with a valid Frontier Miles account and be a current GoWild Pass Holder to book. When booking GoWild, fare(s) shown will include all transportation fees, surcharges, and taxes, and are subject to change without notice until purchased. Seats are limited. Bags and seat assignments sold separately, no refunds, not combinable with other offers. Valid only on Frontier-operated domestic flights. GoWild pass must be valid for the date included in the promotion in order to book. Pay $0.01 + taxes/fees per segment. Frontier reserves the right to modify or end this promotion at any time. Read full GoWild Pass Terms and Conditions. Important Things to Know About the GoWild Pass:Flights can be booked and confirmed the day before flight departure for domestic travel and 10 days before flight departure for international travelPlan ahead and book select flights early. Simply search and choose GoWild when available. A GoWild Early Booking charge may applyFlights must be booked at FlyFrontier.com or the Frontier mobile appFlights do not include any add-on products like bags or seat assignmentsFor each flight segment, passholders pay $0.01 in airfare plus applicable taxes, fees and charges at the time of booking. An additional fee may apply for early booking and peak datesFlights and seats are subject to availability; last seat availability is not guaranteedThe GoWild Pass is non-transferable. The passholder is the only passenger allowed to travel with GoWild Pass privilegesYour pass will automatically renew unless you cancel. Customers may opt out of auto renewal on their Frontier Airlines profile pageYou must be 18 years or older and a resident of the United States to purchase the GoWild Pass. The passholder may be under the age of 18 and must be a resident of the United States. Passholders under the age of 13 must be enrolled by their parent or legal guardian. Children under the age of 15 must travel accompanied by a passenger who is at least 15 years oldSeats available to passholders are capacity controlled, limited in quantity and are offered on a first-come, first-served basis while supplies last
View original content to download multimedia:https://www.prnewswire.com/news-releases/frontier-airlines-announces-discounted-rescue-fares-to-support-spirit-airlines-customers-302760588.htmlSOURCE Frontier Airlines
Original: FRONTIER AIRLINES ANNOUNCES DISCOUNTED RESCUE FARES TO SUPPORT SPIRIT AIRLINES CUSTOMERS
US Market News
1月前
Frontier Releases 2026 GoWild Summer Pass at Lowest Ever Introductory Price, Providing 5+ Months of Unlimited Flights for Just $199April 22, 2026 11:07 AM
PR Newswire (US)
Plus, for a Limited Time, Consumers Can Purchase the Pass and Plan Summer Adventures With No Blackout Dates and Dedicated Seats on Every Flight*DENVER, April 22, 2026 /PRNewswire/ -- Frontier Airlines (Nasdaq: ULCC) today launched its 2026 GoWild Summer Pass at its lowest ever introductory price. Consumers can purchase the pass now for just $199 and unlock immediate access, rather than waiting for the typical pass period to begin, enjoying more than five months of unlimited flights across Frontier's expansive network.
In addition, as part of a limited time launch promotion, GoWild pass holders will have even more flexibility as they plan ahead for their summer adventures. Now through May 8, all pass holders can book flights early with no blackout dates and with dedicated seats on all domestic Frontier flights through September 8.*"With the 2026 GoWild Summer Pass, we're putting unlimited travel within reach for more people than ever," said Bobby Schroeter, Chief Commercial Officer, Frontier Airlines. "For just $199, consumers will unlock more than five months of flights that can take them to the beaches of Florida, the peaks of the Rocky Mountains, the nightlife of Vegas and so much more when they act fast and buy before the price goes up."What You Get With the 2026 GoWild Summer Pass:Lowest ever introductory price at $199Immediate access to the pass, allowing pass holders to begin flying right away and enjoy unlimited travel through Sept. 30Only $0.01 in airfare per flight segment (plus taxes, fees and charges).Earn miles and points on extras like bags and seatsLimited Time Special Benefits for All GoWild Pass Holders:No blackout dates when you book by May 8, 2026, at 11:59 pm MDT (early booking fees shown below may apply). Early booking fees range from $0 on most dates up to $99 on select peak dates.Dedicated limited seats for GoWild pass holders to early book by May 8 for every domestic Frontier flight through Sept. 8.To learn more about the GoWild Summer Pass, and to purchase before the price goes up, click here.*Terms & Conditions: GoWild Summer Pass Pre-Sale Promotion
This promotion applies to any GoWild bookings made from April 22, 2026 through May 8, 2026 at 11:59 PM MT for travel within the continental United States from April 22, 2026 through September 8, 2026. No blackout dates (early booking fees shown below may apply). A limited number of GoWild seats will be available on every Frontier-operated domestic flight during the promotional booking window. See full GoWild Summer Pass Terms and Conditions.GoWild Early Booking Fee pricing varies by travel date:
For Travel 4/22/2026 through 6/10/2026:
?? - All non-peak dates: $0 EBF (effective fare $0.01 base + taxes/fees per segment)
?? - Peak dates (listed below): $99 (includes taxes and fees), one-way per segment
For Travel 6/11/2026 through 9/8/2026:
?? - Tuesday and Wednesday departures: $0 EBF (effective fare $0.01 base + taxes/fees per segment)
?? - Monday, Thursday, Friday, Saturday, Sunday departures: $49 one-way per segment
?? - Peak dates (listed below): $99 (includes taxes and fees), one-way per segment
Peak dates priced at $99 one-way (includes taxes and fees), continental US only: May 21, 22, 25; June 25, 26, 27, 28; July 2, 3, 4, 5, 6; September 3, 4, 7. GoWild Early Booking Fee is waived for any GoWild pass holder traveling through May 20, 2026; May 23-24, 2026; May 26 – June 10, 2026, and on segments departing on Tuesdays and Wednesdays Jun. 16, 2026 - Sep. 8, 2026. Other General GoWild Pass Terms and Conditions
GoWild fares are only available at FlyFrontier.com to GoWild members. Members must be logged in with a valid Frontier Miles account and be a current GoWild Pass Holder to book. When booking GoWild, fare(s) shown will include all transportation fees, surcharges, and taxes, and are subject to change without notice until purchased. Seats are limited. Bags and seat assignments sold separately, no refunds, not combinable with other offers. Valid only on Frontier-operated domestic flights. GoWild pass must be valid for the date included in the promotion in order to book. Pay $0.01 + taxes/fees per segment. Frontier reserves the right to modify or end this promotion at any time. Read full GoWild Pass Terms and Conditions. Important Things to Know About the GoWild Pass:Flights can be booked and confirmed the day before flight departure for domestic travel and 10 days before flight departure for international travelPlan ahead and book select flights early. Simply search and choose GoWild when available. A GoWild Early Booking charge may applyFlights must be booked at FlyFrontier.com or the Frontier mobile appFlights do not include any add-on products like bags or seat assignmentsFor each flight segment, passholders pay $0.01 in airfare plus applicable taxes, fees and charges at the time of booking. An additional fee may apply for early booking and peak datesFlights and seats are subject to availability; last seat availability is not guaranteedThe GoWild Pass is non-transferable. The passholder is the only passenger allowed to travel with GoWild Pass privilegesYour pass will automatically renew unless you cancel. Customers may opt out of auto renewal on their Frontier Airlines profile pageYou must be 18 years or older and a resident of the United States to purchase the GoWild Pass. The passholder may be under the age of 18 and must be a resident of the United States. Passholders under the age of 13 must be enrolled by their parent or legal guardian. Children under the age of 15 must travel accompanied by a passenger who is at least 15 years oldSeats available to passholders are capacity controlled, limited in quantity and are offered on a first-come, first-served basis while supplies last About Frontier Airlines:
Frontier Airlines, Inc. (Nasdaq: ULCC) is committed to delivering Low Fares Done Right. Headquartered in Denver, Frontier operates one of the youngest and most fuel-efficient fleets in the U.S. With its expanding network, the most rewarding loyalty program, and bold new product offerings, Frontier is redefining low-fare travel and building The New Frontier as America's Low Fare Airline.
View original content to download multimedia:https://www.prnewswire.com/news-releases/frontier-releases-2026-gowild-summer-pass-at-lowest-ever-introductory-price-providing-5-months-of-unlimited-flights-for-just-199-302750488.htmlSOURCE Frontier Airlines
Original: Frontier Releases 2026 GoWild Summer Pass at Lowest Ever Introductory Price, Providing 5+ Months of Unlimited Flights for Just $199
US Market News
4月前
A Big Game Moment Comes Full Circle as John Leonard Finally Gets Redemption - 30 Years After He Collected Enough Rewards Points for a JetFebruary 5, 2026 8:00 AM
PR Newswire (US)
Consumers are invited to get in on the Big Game miles giveaway and convert rewards points from other brands for up to 5,000 Frontier milesDENVER, Feb. 5, 2026 /PRNewswire/ -- Thirty years ago during the Big Game, a promotion captured America's imagination: collect enough points and you could get a jet. One man, John Leonard, took that idea seriously. He gathered the points. He made the attempt. And he walked away without a jet. A popular documentary even chronicled Leonard's story.
Thirty years later, Frontier Airlines is stepping in to do what no one else did — redeem Leonard's original 7 million points for 7 million Miles, enough to fly free on a jet for the rest of his life.And Frontier is inviting travelers to get in on the action. From February 5-22, consumers can swap unused reward points from other brands and receive up to 5,000 free Miles, enough for an Award flight*."We're redefining air travel, providing real value through the most rewarding loyalty program in the sky," said Bobby Schroeter, senior vice president and chief commercial officer for Frontier Airlines. "We're not only giving redemption to John, but also to consumers who have been left behind by other loyalty programs."The move underscores why Frontier is the most rewarding airline in the sky, offering a loyalty program that delivers real value faster than any other airline.Frontier's loyalty program rewards travelers with:Up to 20X miles or points per dollar spent, more than any other airlineElite status up to 5X faster than other airlines, unlocking meaningful perks soonerFree flights up to 2X faster than other airlinesElite benefits that are actually attainable, including free bags, companion travel and seat upgrades, including First Class coming later this yearUnlike traditional airline programs built around elite road warriors, Frontier's approach is designed so everyday travelers can win, too.How to Get the Offer
What: Present reward points and receive up to 5,000 free Miles
When: February 5-22, 2026
Where: FrontierMiles.com (to enter and for full terms and conditions)With this limited-time offer, Frontier proves that redemption doesn't have to be complicated — and that loyalty should always pay off.For more information or to participate in the points swap offer, visit FrontierMiles.com. Access more information, photos and videos at News.FlyFrontier.com. *Lowest reward mile redemption levels vary by flight, seasonality and other factors.About Frontier Airlines:
Frontier Airlines, Inc. (Nasdaq: ULCC) is committed to delivering Low Fares Done Right. Headquartered in Denver, Frontier operates one of the youngest and most fuel-efficient fleets in the U.S. With its expanding network, the most rewarding loyalty program, and bold new product offerings, Frontier is redefining low-fare travel and building The New Frontier as America's Low Fare Airline.
View original content to download multimedia:https://www.prnewswire.com/news-releases/a-big-game-moment-comes-full-circle-as-john-leonard-finally-gets-redemption--30-years-after-he-collected-enough-rewards-points-for-a-jet-302679960.htmlSOURCE Frontier Airlines
Original: A Big Game Moment Comes Full Circle as John Leonard Finally Gets Redemption - 30 Years After He Collected Enough Rewards Points for a Jet
eastunder
4年前
Frontier Airlines Poised for Significant Growth as America’s Ultra-Low Cost Carrier
Frontier Airlines, Inc.
Wed, July 27, 2022 at 2:07 PM·13 min read
https://finance.yahoo.com/news/frontier-airlines-poised-significant-growth-200700592.html
DENVER, July 27, 2022 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc. (“Frontier”) (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., highlighted its strong foundation and the significant growth opportunities ahead as a standalone company. In addition, the Company announced an unprecedented deal for customers, offering one million passenger seats from $19.00*.
William A. Franke, the Chair of Frontier’s Board of Directors and the managing partner of Indigo Partners, Frontier’s majority shareholder, commented, “While we are disappointed that Spirit Airlines shareholders failed to recognize the value and consumer potential inherent in our proposed combination, the Frontier Board took a disciplined approach throughout the course of its negotiations with Spirit. We were focused on offering the appropriate value for Spirit, while prioritizing consumers and the best interests of Frontier, our employees and shareholders. As we enter our next chapter, Frontier remains well-positioned to deliver significant value to our shareholders as we serve the growing demand for affordable air travel.”
“As we continue to see a rebound in leisure travel, we have never been more confident in our strategy and prospects than we are today,” said Barry Biffle, President and CEO of Frontier. “Frontier remains America’s lowest-fare, lowest-cost airline that features the industry’s youngest, most fuel-efficient fleet, a robust order book, and a strong balance sheet. With the price-sensitive segment projected to grow, we are just getting started. In fact, today we are announcing a blockbuster sale – offering one million seats from $19.00*, underscoring our commitment to delivering Low Fares Done Right. No one is as cheap as Frontier. Looking ahead, we’ll continue to expand capacity and add new routes as America’s ultra-low-cost airline, and we look forward to creating new jobs and welcoming future employees to Team Frontier.”
Frontier has a strong foundation and clear plan to drive long-term value:
Gaining share in the growing leisure segment: As an ultra-low-cost leader, Frontier is well-positioned to capitalize on leisure demand as it returns and continues to build. As compared to Frontier’s ultra-low unit cost structure, 90% of the U.S. airline industry capacity is provided by airlines burdened by a greater than 35% higher unit cost, while over half of the U.S. industry capacity has more than 70% higher unit cost than Frontier1. With JetBlue seeking to convert Spirit Airlines into a high-cost airline, Frontier will be unmatched as the ultra-low cost leader. As Frontier continues to expand, it will focus on outperforming other airlines with industry-leading unit costs, profit per plane and cash generation.
Delivering the lowest fares and lowest costs in America: Frontier will continue to be America’s lowest-fare, lowest-cost airline. In 2019, Frontier offered the lowest average fare per domestic journey of $54 compared to legacy airlines average fare of $202. As announced today, Frontier also plans to sell one million passenger seats from $19.00*, underscoring its commitment to providing ultra-low fares to consumers. In addition to the lowest fares, Frontier features the lowest cost structure in the U.S. with adjusted CASM + net interest of $7.84 in 2019. Frontier’s long-standing focus on leisure travel requires no change in fare levels to achieve profitability as leisure travel fully returns following the pandemic, and Frontier’s fares will be even more attractive following a JetBlue acquisition of Spirit, which would eliminate a large ULCC carrier.
Expanding America’s youngest, most modern fleet: Frontier flies the youngest, most modern and fuel-efficient fleet of any US carrier, and has among the largest A320neo family fleet of any airline in the country. From a fleet of more than 100 aircraft today, Frontier has a robust order book of 244 aircraft to support its continued growth. With an average fleet age of four years, Frontier burns less fuel than any of the Big Four airlines, which saves its customers money and reduces the Company’s carbon footprint.2
Offering more sustainable and more affordable air travel: Frontier will continue to be America’s Greenest Airline and set the industry standard for fuel-efficiency. Through more fuel-efficient technology, lean & green seats, flying lighter and inflight changes, Frontier is 43% more fuel-efficient than other U.S. airlines. In 2021, this resulted in approximately $245 million of fuel savings and an industry-leading 101 available seat miles per gallon compared to an industry average of 71 available seat miles per gallon.3 Further, Frontier is committed to innovating to push its high environmental standards even higher. This includes the introduction of lightweight RECARO seats, which result in a 30% reduction in weight to lower the environmental impact of every flight. Our commitment to flying green goes hand in hand with our primary mission to provide customers with unmatched low fares.
Providing greater stability for employees: Frontier is committed to retaining and expanding its workforce and will continue to expand capacity and add new routes as a standalone airline, creating additional jobs across the Company. Frontier has the best team in the industry and is focused on expanding opportunities for Team Frontier and future employees.
Maintaining a strong balance sheet and significant cash generation: Although a merger with Spirit offered a unique opportunity to create a scaled ultra-low-cost competitor to the Big Four and JetBlue, Frontier’s strong balance sheet creates a catalyst for future growth. Through a prudent capital allocation strategy during the pandemic, Frontier has emerged with a solid cash and liquidity position. Frontier will continue to focus on delivering profitability and generating cash, while maintaining the financial flexibility to capitalize on near- and long-term growth opportunities, including expanding the company’s fleet, its team and its network.
The proven and resilient ultra-low-cost model continues to provide the foundation for Frontier’s growth strategy and for long-term shareholder value creation. Even amid rising fuel prices, Frontier continues to keep costs and fares low while generating record revenues and providing reliable service – with one of the highest completion rates in the industry during this year’s summer travel season. The Company’s recent performance further validates the financial performance of the ultra-low-cost model. With demand levels increasing as pandemic-related restrictions abate, Frontier is well positioned to grow rapidly and profitably and deliver for customers, employees and other stakeholders. Frontier looks forward to sharing more details about the significant opportunities ahead as a standalone company during its upcoming second quarter earnings announcement.
Second Quarter 2022 Financial Results
The Company announced that it will now be releasing second quarter 2022 financial results after market close today, Wednesday, July 27, 2022.
Management will host a live webcast with analysts to discuss these results today at 4:30pm ET. The webcast will be available to the public on a listen-only basis. To register in advance to access the webcast, visit http://ir.flyfrontier.com.
eastunder
4年前
Frontier Airlines and Spirit Airlines to Combine, Creating America’s Most Competitive Ultra-Low Fare Airline
Frontier Airlines, Inc.
Mon, February 7, 2022, 4:30 AM·14 min read
https://finance.yahoo.com/news/frontier-airlines-spirit-airlines-combine-113000734.html
Highly Complementary Networks to Serve Over 145 Destinations Across the United States, Latin America and the Caribbean
Consumers Win With $1 Billion in Annual Savings and Even More Ultra-Low Fares to More Places
Combined Airline to Drive Competition and Expand Service to Underserved Small and Mid-Sized Cities Across the United States
Combined Fleet Will Be the Youngest, Most Fuel-Efficient and Greenest in the United States
Combination Provides Better Opportunities and More Stability for 15,000 Professionals, Adding 10,000 Direct Jobs by 2026
Conference Call to Discuss Transaction Today at 6:30 AM MT / 8:30 AM ET
DENVER, Colo. and MIRAMAR, Fla., Feb. 07, 2022 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE) and Frontier Group Holdings, Inc. (“Frontier”) (NASDAQ: ULCC), parent company of Frontier Airlines, Inc., today announced a definitive merger agreement under which the companies will combine, creating America’s most competitive ultra-low fare airline.
Together, Frontier and Spirit expect to change the industry for the benefit of consumers, bringing more ultra-low fares to more travelers in more destinations across the United States, Latin America and the Caribbean, including major cities as well as underserved communities. The stronger financial profile of the combined company will empower it to accelerate investment in innovation and growth and compete even more aggressively, especially against the dominant “Big Four”1 airlines, among others.
William A. Franke, the Chair of Frontier’s Board of Directors and the managing partner of Indigo Partners, Frontier’s majority shareholder, noted that Indigo has a long history with both Spirit and Frontier, and is proud to partner with them in creating a disruptive airline. “We worked jointly with the Board of Directors and senior management team across both carriers to arrive at a combination of two complementary businesses that together will create America’s most competitive ultra-low fare airline for the benefit of consumers.”
“We are thrilled to join forces with Frontier to further democratize air travel,” said Ted Christie, President and CEO of Spirit. “This transaction is centered around creating an aggressive ultra-low fare competitor to serve our Guests even better, expand career opportunities for our Team Members and increase competitive pressure, resulting in more consumer-friendly fares for the flying public. We look forward to uniting our talented teams to shake up the airline industry while also continuing our commitment to excellent Guest service.”
“This combination is all about growth, opportunities and creating value for everyone – from our Guests to our Team Members to the flying public at large,” said Mac Gardner, Chairman of the Board of Spirit. “We’re a perfect fit – our businesses share similar values, including our longstanding commitment to affordable travel. At the same time, we have complementary footprints and fleets, including one of the youngest and greenest fleets worldwide. Together, we will be even more competitive for our Guests and our Team Members, and we are confident we can deliver on the benefits of this combination to consumers.”
“Together, Frontier and Spirit will be America’s Greenest Airline and deliver more ultra-low fares to more people in more places,” said Barry Biffle, President and CEO of Frontier. “I couldn’t be more excited for our team members, customers, partners, the communities we serve and our shareholders.”
Consumers Win With More Ultra-Low Fares to More Places
The combined airline is expected to:
Deliver $1 billion in annual consumer savings.
Offer more than 1,000 daily flights to over 145 destinations in 19 countries, across complementary networks.
Expand with more than 350 aircraft on order to deliver more ultra-low fares.
Increase access to ultra-low fares by adding new routes to underserved communities across the United States, Latin America and the Caribbean.
Deliver even more reliable service through a variety of operational efficiencies.
Expand frequent flyer and membership offerings.
Team Members Win With Expanded Opportunities and Increased Stability
By 2026 Spirit and Frontier expect to add 10,000 direct jobs and thousands of additional jobs at the companies’ business partners.
Given the growth of the combined company, it is expected that all current team members will have an opportunity to be a part of the combined airline.
Team Members of the combined airline will have better career opportunities and more stability as part of the most competitive ultra-low fare airline in the United States.
Sustainability Wins With America’s Greenest Airline
Frontier and Spirit will be America’s Greenest Airline, providing nationwide access to sustainable and affordable air travel. The combined airline will have the youngest, most modern and fuel-efficient fleet in the United States, featuring the largest fleet of A320neo family aircraft of any airline in the country. The combined airline is expected to achieve over 105 seat miles per gallon by 2025.
Shareholders Win With Superior Value Creation
The combination of Spirit and Frontier is expected to deliver enhanced value to shareholders of both companies.
On a combined basis, the company would have annual revenues of approximately $5.3 billion based on 2021 results.
Once combined, Frontier and Spirit expect to deliver annual run-rate operating synergies of $500 million once full integration is completed, which will be primarily driven by scale efficiencies and procurement savings across the enterprise with approximately $400 million in one-time costs.
The combined airline is expected to have a strengthened financial profile, with a cash balance of approximately $2.42 billion as of the end of 2021 on a combined basis.
Under the terms of the merger agreement, which has been unanimously approved by the boards of directors of both companies, Spirit equity holders will receive 1.9126 shares of Frontier plus $2.13 in cash for each existing Spirit share they own. This implies a value of $25.83 per Spirit share at Frontier’s closing stock price of $12.39 on February 4, 2022, representing a premium of 19% over the February 4, 2022, closing price of Spirit, and a 26% premium based on the 30 trading-day volume-weighted average prices of Frontier and Spirit. The transaction values Spirit at a fully diluted equity value of $2.9 billion, and a transaction value of $6.6 billion when accounting for the assumption of net debt and operating lease liabilities.
Upon closing of the transaction, existing Frontier equity holders will own approximately 51.5% and existing Spirit equity holders will own approximately 48.5% of the combined airline, on a fully diluted basis, providing both Frontier and Spirit equity holders with substantial upside potential.
Bringing Our Airlines Together – Governance and Timing to Completion
The Board of Directors for the new airline will be comprised of 12 directors (including the CEO), seven of whom will be named by Frontier and five of whom will be named by Spirit. Mr. Franke will be Chairman of the Board of the combined company.
The merger is expected to close in the second half of 2022, subject to satisfaction of customary closing conditions, including completion of the regulatory review process and approval by Spirit stockholders. Frontier’s controlling stockholder has approved the transaction and related issuance of shares of Frontier common stock upon signing of the merger agreement. The combined company’s management team, branding and headquarters will be determined by a committee led by Mr. Franke prior to close.
Merger Conference Call and Transaction Website Details
Frontier and Spirit will conduct a live conference call and webcast to discuss the transaction at 6:30 AM MT / 8:30 AM ET today. To listen to the live call, please dial (800) 459-5346 or (203) 518-9544 and enter the participant code 4789568.
A live webcast of the conference call will be accessible through: https://webinars.on24.com/messagebank/frontierspirit.com. The accompanying presentation slides will be available on both the Spirit website (https://ir.spirit.com) and the Frontier website (https://ir.flyfrontier.com), as well as www.EvenMoreUltraLowFares.com, a joint website dedicated to the transaction, at 6:15 AM MT / 8:15 AM ET. The webcast will also be available on the Spirit website (https://ir.spirit.com), the Frontier website (https://ir.flyfrontier.com) and www.EvenMoreUltraLowFares.com.
A replay of the call will be available until February 10, 2022, by dialing (888) 274-8331 or (402) 220-7332.
Spirit and Frontier Fourth Quarter and Full Year 2021 Earnings Results
In separate press releases today, Frontier and Spirit are also announcing earnings results for the fourth quarter and full year 2021. In light of today’s proposed transaction, Spirit and Frontier have canceled their previously announced calls for Wednesday, February 9, 2022, at 10:00 AM ET and 4:30 PM ET, respectively.
Advisors
Citigroup Global Markets Inc. is serving as financial advisor and Latham & Watkins, LLP is serving as legal advisor to Frontier. Barclays and Morgan Stanley & Co. LLC are serving as financial advisors and Debevoise & Plimpton LLP is serving as legal advisor to Spirit.