Three passengers filed a lawsuit against Frontier Airlines over claims they suffered injuries when a flight caught on fire while landing at an airport in Las Vegas earlier this month. Eddie Frierson, Alberto Cardoso, and Ana Figueroa-Cueva were passengers on Frontier Flight 1326 from San Diego, California, to Las Vegas, Nevada, when the fiery aircraft landed at Harry Reid International Airport on Oct. 5.The plaintiffs claimed that the plane "violently crash-landed" at the airport without warning, Fox 5 Vega ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Frontier Group Holdings (ULCC) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 29, 2024, might help the stock move higher if these key numbers are ...

Core Argument - Carronade Capital believes Verizon's offer of $38.50 per share for Frontier Communications is insufficient compared to Frontier's intrinsic value of at least $48.60 per share [2] - The proposed transaction does not represent fair value to Frontier shareholders, and Carronade encourages shareholders to vote against it [2] Financial Analysis - Third-party analyses support a higher standalone valuation range for Frontier, with estimates ranging from $47.88 to $60+ per share before synergy value [2] - Recent fiber transactions have been valued at low to mid 20's x TEV/EBITDA, and applying a discounted multiple of 15x to Frontier's Fiber EBITDA supports a $48.60 per share valuation [3] - The conservative valuation excludes value from Frontier's non-fiber business, which generated $756 million in LTM EBITDA [3] Synergy Analysis - Verizon expects at least $500 million in opex run-rate synergies, with potential for more, including capex synergies [4] - Verizon anticipates a 50% reduction in mobility churn and a 40% reduction in fiber churn, leading to immediate revenue and EBITDA accretion [4] - Verizon plans to extend premium offerings to Frontier's customers and generate revenue from mobile and home conversions, including cross-selling benefits [4] Strategic Importance - Frontier provides Verizon with a combined 25 million fiber passings in 31 states and Washington DC, significantly expanding Verizon's fiber footprint [5] - The acquisition accelerates Verizon's delivery of premium mobility and broadband services and powers its Intelligent Edge Network for digital innovation like AI and IoT [5] - Verizon views the acquisition as accretive from day one on revenue growth and EBITDA, with EPS and cash flow accretion expected within a year [5] Shareholder Concerns - The proxy process appears rushed, with the final proxy filed after market close on October 7, 2024, and the record date set for the same day, limiting shareholder review [6] - The lengthy regulatory approval process and expected inflection in Frontier's results suggest shareholders should have more time to evaluate the transaction [7] Conclusion - Carronade Capital intends to vote against the proposed transaction and encourages other shareholders to do the same until a fair share of the value created by the combined enterprise is offered [7][8]

Michael (Mike) Dion is an FP&A, Corporate Finance, and Small Business expert who spent the last 12 years working in the Fortune 100, building a startup's finance and accounting department, advising small businesses, and guiding non-profit organizations as a board member. He has finance experience across multiple industries, including Telecom, Media and Entertainment, Hospitality, and Construction. He founded F9 Finance, a website that helps Finance professionals accelerate their careers; and simplifies Fina ...

Frontier Group Holdings (ULCC) shares soared 16.4% in the last trading session to close at $5.81. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 29.6% gain over the past four weeks. This jump in stock price came after news that Spirit Airlines (SAVE) , a Frontier Group Holdings rival in the low-cost airline space, is considering bankruptcy. Spirit has faced losses and declining revenue due to fierce competition and the failed at ...

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 ...