A rival is on the fiscal ropes, and could be partially (or even wholly) going away in the near future. Shares of Frontier Airlines parent Frontier Group Holdings (ULCC 18.34%) are up 18% as of midday Friday, followed closely by JetBlue Airways' (JBLU 14.08%) 16% surge. Both rallies are in response to reports that rival carrier Spirit Airlines (SAVE -26.56%) is considering filing for bankruptcy. If true, it could mean the sale of part or all of the struggling airline. Bankruptcy imminent? Take the report wit ...

Group 1 - Shares of discount airlines Frontier Group Holdings and JetBlue Airways surged following reports that Spirit Airlines is in discussions regarding a potential bankruptcy filing [1] - Spirit Airlines' shares plummeted 25% after the news, reaching an all-time low, while Frontier's shares increased by 21% and JetBlue's by 14% [1] - Spirit Airlines is reportedly negotiating with bondholders and creditors about a Chapter 11 filing, although such a filing is not expected to be imminent [1] - The airline has been struggling with losses and declining revenue due to increased competition from both low-cost and larger airlines [1] - Spirit Airlines previously attempted a $6.6 billion merger with Frontier in 2022, which failed, and a subsequent takeover by JetBlue also fell through due to regulatory antitrust challenges [1] - A spokesperson for Spirit Airlines indicated that the company is engaged in discussions with bondholders to address upcoming debt maturities, but did not provide further details [1] Group 2 - The news of Spirit Airlines' potential bankruptcy discussions positively impacted shares of major airlines such as American Airlines, Delta Air Lines, Southwest Airlines, and United Airlines, which also saw increases [1]

Core Points - Verizon Communications Inc. has increased its quarterly dividend to $0.6775 per share, representing a 2% increase for passive income investors [1] - The company has also announced the acquisition of Frontier Communications, indicating a strategic move to enhance its market position [1] Summary by Category Dividend Increase - Verizon raised its dividend to $0.6775 per share per quarter, providing a 2% hike for investors [1] Acquisition - The acquisition of Frontier Communications was announced, which may contribute to Verizon's growth strategy and market expansion [1]

LOUISVILLE, Ky., Sept. 19, 2024 /PRNewswire/ -- Bulleit Frontier Whiskey proudly announces the launch of Bulleit Rye 10-Year-Old, the latest addition to its permanent portfolio of exceptional whiskeys. This new expression joins the acclaimed Bulleit Bourbon 10-Year-Old, forming the foundation of the new Bulleit 10-Year Aged Whiskeys range. Together, these age-statement whiskeys reflect Bulleit's commitment to crafting premium, bold-flavored whiskey while continuing to innovate to bring an expanded portfolio ...

LOUISVILLE, Ky., Sept. 16, 2024 /PRNewswire/ -- Bulleit Frontier Whiskey is announcing the launch of its new US brand campaign, "We Aren't Made To Be Still". The campaign draws from the same spirit of relentless experimentation that created its expectation-defying flagship bourbon and continues to drive the brand's commitment to pushing the frontiers of what American whiskey can be. Bulleit Frontier Whiskey's "We Aren't Made To Be Still" campaignBulleit Frontier Whiskey's "We Aren't Made To Be Still" campai ...

NEW YORK, Sept. 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Frontier Communications Parent, Inc. (Nasdaq: FYBR), relating to its proposed merger with Verizon Communications Inc. Under the terms of the agreement, Frontier shareholders will be entitled ...

The airline boosted guidance for the current quarter. Frontier Group Holdings (ULCC 5.71%) is feeling more upbeat about the current quarter, and investors are happy to go along for the ride. Shares of the discount airline opened up as much as 12% and were trading up 8% at 10 a.m. ET after Frontier raised its margin guidance for the quarter. Not as bad as feared Investors aren't sure what to think about airline stocks right now. The industry has done well since the end of the pandemic, but a combination of h ...

The deal could fundamentally change the investment case for Verizon stock. The news that Verizon Communications (VZ 3.84%) will acquire Frontier Communications Parent (FYBR 0.68%) appears to make strategic sense. For all of its focus on 5G, fiber remains a critical part of the broadband communications infrastructure, serving both consumers and businesses. Unfortunately for Verizon's shareholders, it has decided to buy Frontier at a time when the company faces significant financial struggles. Hence, even if ...

cemagraphics/E+ via Getty Images These are the voyages of the income name Verizon (NYSE:VZ). A company now debt laden, that had seen its cash flows evaporate, only to finally start rebounding despite immense competition and costs of operation. Still, we reiterate our Buy rating on Verizon Communications Inc. (VZ) shares today following news that the company will be acquiring Frontier Communications (FYBR). This is a rather interesting development and comes as the company has been seeing improvements to its ...

Core Viewpoint - Verizon's recent acquisition of Frontier Communications for $20 billion is expected to enhance its fiber footprint and service delivery, but the potential impacts may be overestimated by analysts [3][4][6]. Business Developments - Verizon announced a $20 billion cash deal to acquire Frontier Communications, the largest pure-play fiber internet provider in the U.S., which will expand its fiber network and improve service delivery [3]. - The acquisition is projected to yield at least $500 million in run-rate cost synergies by year three, primarily through increased scale and network integration [4]. Financial Metrics - Verizon's total revenue on a trailing twelve months (TTM) basis is approximately $134.2 billion, with operating expenses including SG&A reaching $32.2 billion and other expenses at $17.8 billion [5]. - The operating margin is slightly below 22%, and even with the anticipated synergies, the margin is expected to remain below the long-term average of 22.65% [5]. Valuation Analysis - Verizon's TTM non-GAAP P/E ratio is 8.98, which is a 26.54% discount compared to the sector median of 12.23, indicating a reasonable valuation [11]. - The forward non-GAAP P/E ratio is 9.05, also showing a discount relative to the sector median of 12.99 [11]. Dividend and Total Return Potential - Verizon offers a dividend yield of 6.4%, providing some downside protection, but total return potential is expected to be limited under current conditions [12].