Earlier this year, Frontier Airlines was set to merge with Spirit Airlines to create an economy air travel giant. Frontier had a ring on, was wearing a tuxedo and was waiting at the altar, only to discover that Spirit had brazenly eloped with a different suitor.
Spirit shareholders rejected Frontier’s $19.99 per share offer to buy Spirit, and instead, JetBlue got in there, sweeping Spirit for $33.50 a share, or $3.8 billion, pending federal regulatory review.
Now, Jet Blue (JBLU) and the soul (save) In the process of creating the fifth largest airline in the world. This is sad for Frontier (ULCC) , to plan its entire future, only to be dumped by fickle shareholders. The heart wants what the heart wants, as they say. But Spirit will pay about $25 million in merger-related costs to Frontier Inc. (ULCC), which said it was “disappointed” with the outcome of the vote, so hopefully that will calm the grief a bit.
“While we are disappointed that Spirit Airlines shareholders failed to recognize the value and consumer potential inherent in our proposed portfolio, Frontier board has taken a disciplined approach throughout its negotiations with Spirit,” said William Frank, Frontier CEO.
Frontier has put on a brave face, started making strides recently, and is now putting on a show that her fans will love. But they will have to act quickly.
What is the latest Frontier offer?
Miles Frontier Loyalty Program members who purchase two round-trip tickets are eligible for a bonus of 20,000 miles with a maximum of 100,000 additional miles.
The offer is only valid until the end of October, and the flight must be taken by 11:59 pm on December 16 this year. Additional miles will be awarded within 7-10 business days after completion of the last flight.
Borders are flying in more places than ever before
Frontier recently launched several new International Routes, all of which will come with a base price of $69 through 2023.
These new routes include flights from Atlanta’s Hartsfield-Jackson International Airport to the Bahamas, Costa Rica and Jamaica; The airline has now more than doubled its international flights out of Atlanta in less than a year. Frontier will also provide a route between Denver International Airport (DEN) to Houston’s William P. Hobby Airport (HOU).
In other Frontier news, the company recently unveiled its ultra-fuel-efficient Airbus A321neo at an event at Tampa International Airport (TPA). Powered by Pratt & Whitney’s GTF engines, Frontier has described the aircraft as the most fuel-efficient commercial aircraft of any US airline, and one that generates far fewer carbon emissions than regular aircraft.
“The addition of the new A321neo to our fleet will make the United States’ greenest airline even greener with the ability of these aircraft to achieve 120 miles per gallon per seat,” said Barry Bevel, President and CEO of Frontier Airlines. “They are the most fuel-efficient aircraft in operation among the major US airlines, and are able to deliver immediate and tangible reductions in fuel consumption, carbon emissions and engine noise,” he said. Frontier continues to lead in reducing fuel consumption and reducing our environmental footprint and adding the A321neo to our fleet is another step in that journey.”