From Financial Modeling Prep: 2025-02-12 02:25:32

Spirit Airlines has rejected Frontier Group’s latest acquisition bid, opting for its own restructuring plan. Frontier’s offer included $400 million in debt and a 19% stake for Spirit shareholders, but Spirit cited unresolved risks for declining the deal.

In response, Spirit proposed $600 million in debt and $1.185 billion in equity, but Frontier rejected the counteroffer due to valuation differences. Discussions between the two airlines date back to 2022, with JetBlue’s failed merger attempt adding complexity.

With Spirit’s bankruptcy filing last year, its upcoming Q1 2025 restructuring is crucial. Investors can track its financial recovery using the Balance Sheet Statements API for insights into assets and liabilities. Earnings reports post-bankruptcy will also be key, with the Earnings Calendar API providing updates on financial disclosures.

Spirit’s rejection of Frontier’s offer highlights its commitment to independent restructuring. As the airline industry faces challenges, monitoring Spirit’s progress and potential merger developments will be essential for investors navigating the evolving landscape.



Read more at Financial Modeling Prep:: Spirit Airlines Rejects Frontier’s $2.16 Billion A…