Frontier Airlines and Spirit Airlines, the country’s two largest low-cost airlines, have announced they agreed to merge and form the fifth-largest airlines in the U.S.
rontier Airlines and Spirit Airlines, the country’s two largest low-cost airlines, have announced that they have agreed to merge to form the fifth-largest airline in the United States., Bill Franke, the chair of Frontier’s Board of Directors, said the merger of two “complementary businesses” would “create America’s most competitive ultra-low fare airline for the benefit of consumers” and be a disruptive force against the “Big Four” airlines of United, American, Delta and Southwest.
The Board of Directors for the new airline will be comprised of 12 directors, seven of whom will be named by Frontier and five of whom will be named by Spirit.“I've told both Barry [Biffle, CEO of Frontier Airlines] and Ted [Christie, CEO of Spirit Airlines] that I am going to take my time and do it in an orderly way, and they're both comfortable with that,” Franke said on a call with analysts and reporters this morning. “I don't think there's any real urgency to the decision.
On the conference call this morning, Christie said the combined airline will have the “youngest, most modern and fuel efficient fleet” and that customers will save an average of $20 per seat compared to the larger legacy airlines, in part because “while higher fuel prices impact all airlines, Frontier and Spirit tend to have greater seat density than most of our competitors.”
Spirit Airlines CEO Ted Christie lauded the merger as a move that would “further democratize air travel” by resulting in “more consumer-friendly fares for the flying public.”
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