Frontier's stock slides 3% as Spirit rebuffs budget airline's takeover offer for a third time
Portfolio Pulse from
Frontier Airlines' stock fell by 3% after Spirit Airlines rejected its takeover offer for the third time. Frontier maintains that a merger would be more beneficial than Spirit operating independently.
February 12, 2025 | 2:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Frontier Airlines' stock decreased by 3% following Spirit Airlines' third rejection of its takeover offer. Frontier believes a merger is more advantageous than Spirit remaining independent.
The repeated rejection of the takeover offer by Spirit Airlines suggests potential challenges in the merger process, leading to a negative market reaction and a 3% drop in Frontier's stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90