Frontier’s acquisition of Spirit means there’s one fewer cheap airline
Frontier Airlines plans to acquire Spirit Airlines, both of which are known for offering cheaper flights than other airlines, in a deal worth $6.6 billion, the two companies announced Monday. While Frontier and Spirit claim they will become “America’s most competitive ultra-low fare airline,” the acquisition will ultimately remove one airline from the market and potentially create less competition for more affordable flights.
That said, it’s not as if the new company will be small potatoes — the combined Frontier / Spirit airline will be the fifth-largest airline in the US, according to CNBC — so perhaps the new company will be able to better compete against bigger rivals with lower prices. But the wireless market hasn’t dramatically...
from The Verge - All Posts https://ift.tt/Fx6vLEX
via IFTTT
No comments
Waiting for your comment...