Frontier Stock Climbs On Merger Talks With Spirit Aviation

Group 1 - Frontier Group Holdings, Inc. is in discussions to merge with bankrupt Spirit Aviation Holdings, Inc., with a potential announcement expected as soon as this month [1] - Frontier's stock rose over 9% in after-hours trading following the news, while Spirit's shares remained flat due to the over-the-counter market being closed [4] - The merger discussions come after Frontier's sudden replacement of its former CEO Barry Biffle, with James G. Dempsey appointed as interim CEO [2] Group 2 - Spirit Aviation previously attempted to merge with JetBlue Airways Corp., but a federal judge blocked the $3.8 billion deal in January 2024, citing antitrust concerns [3] - Following the court's decision, Spirit faced severe financial challenges, leading to its Chapter 11 bankruptcy filing in November 2024 [4]