Frontier and Spirit Airlines Merge with $6.6 Billion Valuation

Colorada-based Frontier Group Holdings, Inc., the parent company of Frontier Airlines, Inc., today announced a definitive merger agreement with Spirit Airlines, Inc. valued at $6.6 billion.

The merger is creating the 5th largest airline and is expected to close in the second half of 2022.

William A. Franke, the Chair of Frontier’s Board of Directors, noted in a press statement issued on February 7, 2022, “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.”

The combined airline is expected to offer more than 1,000 daily flights to over 145 destinations in 19 countries, across complementary networks, increase access to ultra-low fares by adding new routes to underserved communities across the United States, Latin America, and the Caribbean, and expand frequent flyer and membership offerings.

Furthermore, by 2026 Spirit and Frontier expect to add 10,000 direct jobs and thousands of additional jobs at the companies’ business partners.

This statement indicates team members of the combined airline may have better career opportunities and long-term stability as part of the most competitive ultra-low fare airline in the U.S.

Headquartered in Denver, Colorado, Frontier operates more than 110 A320 family aircraft and has the largest A320neo fleet in the U.S.