Frontier’s stock slides 3% as Spirit rebuffs budget airline’s takeover offer for a third time - MarketWatch
1. Spirit Airlines rejected Frontier's takeover bid for the third time. 2. Spirit is emerging from bankruptcy, aiming for significant deleveraging. 3. 99.99% of Spirit's voting creditors support their reorganization plan. 4. Delta Air Lines benefits from increased premium travel demand post-pandemic. 5. Low-cost airlines struggle against majors due to premium service demands.