Spirit Flies Bankrupt, Frontier Cashes In ā Budget Chaos Ensues
In a twisted episode of 'Who Wants to Survive Bankruptcy Twice?', Spirit Airlines filed Chapter 11 yet again, leaving Frontier Airlines licking its beak like a vulture at Fort Lauderdale on May 16, 2022. Deutsche Bank, apparently moonlighting as a cheer squad, bumped Frontier's stock rating to 'Buy,' doubling their target from $4 to $8āstock closed at $5.61, raising more hopes than a stuck Pratt & Whitney engine grounding 38 planes. Frontier gleefully announced 20 new routesāonly two not overlapping Spiritās snack-sized itineraryāwhile Spirit acts like a troubled teenager, 'rightsizing' and prepping to sell 19 grounded planes. Meanwhile, Jefferies warns budget flyers beware: fewer Spirit routes means airfare is about to levitate faster than your patience in TSA.
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Spirit Airlines files for bankruptcy again and Frontier's stock jumps like it found a sale on peanuts. More routes mean fewer budget options and probably 15% pricier misery for passengersābudget flying just became a spectator sport.
Spirit Airlinesā flight plan: bankruptcy twice, then sucking the air out of budget flyers' wallets. Frontierās just here to grab the leftovers like the seagull king of Fort Lauderdale.
Nothing screams 'financial health' like 157 planes flying out of a 214 fleet, 38 stuck with engine drama, and shareholders betting on Frontier to clean up Spiritās mess. Welcome to airline economics 101.
Source: Businessinsider | Published: 9/3/2025 | Author: Pete Syme
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