Frontier and Spirit stocks fall heading into key merger vote

Published June 27, 2022 2:13 PM

By The Associated Press

Shares of Frontier Airlines and Spirit Airlines have tumbled just days ahead of a crucial shareholder vote on their proposed merger. Frontier shares fell more than 11% and Spirit lost 8% on Monday. Frontier CEO Barry Biffle says he’s optimistic that Spirit shareholders will approve Frontier’s latest stock-and-cash offer for Spirit when they vote on Thursday. If the shareholders reject Frontier, it would help clear the way for JetBlue to swoop in and buy Spirit.

Article Topic Follows: AP National Business

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