Spirit Airlines is going bankrupt. This airline is already reaping the benefits.
1. Deutsche Bank upgraded Frontier Group's rating due to Spirit Airlines' bankruptcy. 2. Frontier's price target increased to $8, signifying a 44% upside. 3. 35% network overlap with Spirit is expected to rise to 40% by Q4. 4. Spirit Airlines will scale back operations and reduce fleet size. 5. Frontier faces challenges from a weak economy and rising operational costs.