Sat, Jul 2nd, 2022 - 6:00pm
February 07, 2022 - 7:35am | By Kyle Cornell
(New York, NY) -- Two big players in the discount airline industry are announcing a merger.
Ultra-low discount carriers Spirit and Frontier will merge operations in a deal valued at six-point-six billion dollars. Combined, the two airlines - based in Colorado and Florida - will have about five percent of market share while conducting more than a thousand daily flights to 145 destinations in 19 countries.
No lay offs are expected as a result of the merger and corporate leaders believe they'll actually add ten-thousand new jobs by 2026.