Spirit Airlines rejects Frontier's bid, expects to exit bankruptcy in first quarter-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
1
Favorite

Spirit Airlines rejects Frontier's bid, expects to exit bankruptcy in first quarter

Reuters01-29

<a href="https://laohu8.com/S/SAVE">Spirit Airlines</a> rejects Frontier's bid, expects to exit bankruptcy in first quarter

Jan 29 (Reuters) - Spirit Airlines SAVEQ.PK on Wednesday said it expects to exit bankruptcy in the first quarter and rejected a merger with rival Frontier Group ULCC.O, saying it was not favorable for the low-cost carrier.

It received a proposal from Frontier earlier this month, where in its shareholders would $400 million in debt and a 19% share in Frontier, the company said in a regulatory filing.

Spirit rejected the proposal as it would not provide the anticipated shareholder value and raised concerns over the timing and successful completion of the deal.

The Florida-based airline declared bankruptcy in November after grappling with prolonged periods of financial losses, unsuccessful merger efforts and a substantial levels of debt.

The airline said it expects to complete its restructuring process in the first quarter.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Arun Koyyur)

((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192; X: @Shivansh_19_;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment（1）

DarrenKent
·01-29
So bankrupting it would lead to shareholder value?!!
Reply
Like
Report

Most Discussed

7x24

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2507694680?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-29 20:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2507694680","market":"us","top_or_hot":-1,"title":"Spirit Airlines rejects Frontier's bid, expects to exit bankruptcy in first quarter","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title><a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> rejects Frontier's bid, expects to exit bankruptcy in first quarter</title></head><body><p>\n<span>Jan 29 (Reuters)</span><span> - </span>Spirit Airlines <span>SAVEQ.PK</span> on Wednesday said it expects to exit bankruptcy in the first quarter and rejected a merger with rival Frontier Group <span>ULCC.O</span>, saying it was not favorable for the low-cost carrier.</p><p>It received a proposal from Frontier earlier this month, where in its shareholders would $400 million in debt and a 19% share in Frontier, the company said in a regulatory filing. </p><p>Spirit rejected the proposal as it would not provide the anticipated shareholder value and raised concerns over the timing and successful completion of the deal.</p><p>The Florida-based airline declared <span>bankruptcy</span> in November after grappling with prolonged periods of financial losses, unsuccessful merger efforts and a substantial levels of debt.</p><p>The airline said it expects to complete its restructuring process in the first quarter.</p><p> (Reporting by Shivansh Tiwary in Bengaluru; Editing by Arun Koyyur)</p><p> ((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192; X: @Shivansh_19_;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Spirit Airlines rejects Frontier's bid, expects to exit bankruptcy in first quarter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpirit Airlines rejects Frontier's bid, expects to exit bankruptcy in first quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-29 20:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250129:nL3N3OP0SZ:1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Spirit Airlines rejects Frontier's bid, expects to exit bankruptcy in first quarter\nJan 29 (Reuters) - Spirit Airlines SAVEQ.PK on Wednesday said it expects to exit bankruptcy in the first quarter and...</p>\n\n<a href=\"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250129:nL3N3OP0SZ:1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250129:nL3N3OP0SZ:1","article_id":"2507694680","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507694680","pubTimestamp":1738154147,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Jan 29  - Spirit Airlines SAVEQ.PK on Wednesday said it expects to exit bankruptcy in the first quarter and rejected a merger with rival Frontier Group ULCC.O, saying it was not favorable for the low-cost carrier.It received a proposal from Frontier earlier this month, where in its shareholders would $400 million in debt and a 19% share in Frontier, the company said in a regulatory filing. Spirit rejected the proposal as it would not provide the anticipated shareholder value and raised concerns over the timing and successful completion of the deal.The Florida-based airline declared bankruptcy in November after grappling with prolonged periods of financial losses, unsuccessful merger efforts and a substantial levels of debt.The airline said it expects to complete its restructuring process in the first quarter.  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"精神航空拒绝Frontier的收购，预计第一季度退出破产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAVEQ":0.9,"ULCC":0.9},"content_text":"Spirit Airlines rejects Frontier's bid, expects to exit bankruptcy in first quarter\nJan 29 (Reuters) - Spirit Airlines SAVEQ.PK on Wednesday said it expects to exit bankruptcy in the first quarter and rejected a merger with rival Frontier Group ULCC.O, saying it was not favorable for the low-cost carrier.It received a proposal from Frontier earlier this month, where in its shareholders would $400 million in debt and a 19% share in Frontier, the company said in a regulatory filing. Spirit rejected the proposal as it would not provide the anticipated shareholder value and raised concerns over the timing and successful completion of the deal.The Florida-based airline declared bankruptcy in November after grappling with prolonged periods of financial losses, unsuccessful merger efforts and a substantial levels of debt.The airline said it expects to complete its restructuring process in the first quarter. (Reporting by Shivansh Tiwary in Bengaluru; Editing by Arun Koyyur) ((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192; X: @Shivansh_19_;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"event","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":397879414436512,"gmtCreate":1738163552670,"gmtModify":1738163556877,"author":{"id":"4094893773327790","authorId":"4094893773327790","name":"DarrenKent","avatar":"https://community-static.tradeup.com/news/087d65d38d8283639b8da51cf3911961","vip":1,"crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"4094893773327790","idStr":"4094893773327790"},"htmlText":"So bankrupting it would lead to shareholder value?!!","listText":"So bankrupting it would lead to shareholder value?!!","text":"So bankrupting it would lead to shareholder value?!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/397879414436512","repostId":2507694680,"repostType":2,"repost":{"id":"2507694680","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1738154147,"share":"https://ttm.financial/m/news/2507694680?lang=&edition=fundamental","pubTime":"2025-01-29 20:35","market":"us","language":"en","title":"Spirit Airlines rejects Frontier's bid, expects to exit bankruptcy in first quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=2507694680","media":"Reuters","summary":"Jan 29  - Spirit Airlines SAVEQ.PK on Wednesday said it expects to exit bankruptcy in the first quarter and rejected a merger with rival Frontier Group ULCC.O, saying it was not favorable for the low-cost carrier.It received a proposal from Frontier earlier this month, where in its shareholders would $400 million in debt and a 19% share in Frontier, the company said in a regulatory filing. Spirit rejected the proposal as it would not provide the anticipated shareholder value and raised concerns over the timing and successful completion of the deal.The Florida-based airline declared bankruptcy in November after grappling with prolonged periods of financial losses, unsuccessful merger efforts and a substantial levels of debt.The airline said it expects to complete its restructuring process in the first quarter.  ","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title><a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> rejects Frontier's bid, expects to exit bankruptcy in first quarter</title></head><body><p>\n<span>Jan 29 (Reuters)</span><span> - </span>Spirit Airlines <span>SAVEQ.PK</span> on Wednesday said it expects to exit bankruptcy in the first quarter and rejected a merger with rival Frontier Group <span>ULCC.O</span>, saying it was not favorable for the low-cost carrier.</p><p>It received a proposal from Frontier earlier this month, where in its shareholders would $400 million in debt and a 19% share in Frontier, the company said in a regulatory filing. </p><p>Spirit rejected the proposal as it would not provide the anticipated shareholder value and raised concerns over the timing and successful completion of the deal.</p><p>The Florida-based airline declared <span>bankruptcy</span> in November after grappling with prolonged periods of financial losses, unsuccessful merger efforts and a substantial levels of debt.</p><p>The airline said it expects to complete its restructuring process in the first quarter.</p><p> (Reporting by Shivansh Tiwary in Bengaluru; Editing by Arun Koyyur)</p><p> ((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192; X: @Shivansh_19_;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Spirit Airlines rejects Frontier's bid, expects to exit bankruptcy in first quarter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpirit Airlines rejects Frontier's bid, expects to exit bankruptcy in first quarter\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-01-29 20:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title><a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> rejects Frontier's bid, expects to exit bankruptcy in first quarter</title></head><body><p>\n<span>Jan 29 (Reuters)</span><span> - </span>Spirit Airlines <span>SAVEQ.PK</span> on Wednesday said it expects to exit bankruptcy in the first quarter and rejected a merger with rival Frontier Group <span>ULCC.O</span>, saying it was not favorable for the low-cost carrier.</p><p>It received a proposal from Frontier earlier this month, where in its shareholders would $400 million in debt and a 19% share in Frontier, the company said in a regulatory filing. </p><p>Spirit rejected the proposal as it would not provide the anticipated shareholder value and raised concerns over the timing and successful completion of the deal.</p><p>The Florida-based airline declared <span>bankruptcy</span> in November after grappling with prolonged periods of financial losses, unsuccessful merger efforts and a substantial levels of debt.</p><p>The airline said it expects to complete its restructuring process in the first quarter.</p><p> (Reporting by Shivansh Tiwary in Bengaluru; Editing by Arun Koyyur)</p><p> ((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192; X: @Shivansh_19_;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250129:nL3N3OP0SZ:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2507694680","content_text":"Spirit Airlines rejects Frontier's bid, expects to exit bankruptcy in first quarter\nJan 29 (Reuters) - Spirit Airlines SAVEQ.PK on Wednesday said it expects to exit bankruptcy in the first quarter and rejected a merger with rival Frontier Group ULCC.O, saying it was not favorable for the low-cost carrier.It received a proposal from Frontier earlier this month, where in its shareholders would $400 million in debt and a 19% share in Frontier, the company said in a regulatory filing. Spirit rejected the proposal as it would not provide the anticipated shareholder value and raised concerns over the timing and successful completion of the deal.The Florida-based airline declared bankruptcy in November after grappling with prolonged periods of financial losses, unsuccessful merger efforts and a substantial levels of debt.The airline said it expects to complete its restructuring process in the first quarter. (Reporting by Shivansh Tiwary in Bengaluru; Editing by Arun Koyyur) ((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192; X: @Shivansh_19_;))","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}