Frontier, Spirit Airlines
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Wall Street seems to have crowned Frontier Airlines as the main beneficiary of Spirit Airlines’ demise — judging by the stock’s 20% move higher this week. Markets also like that Frontier has enough liquidity to withstand the onslaught of rising jet-fuel prices.
Frontier Group, the parent of low-cost carrier Frontier, forecast a bigger-than-expected second-quarter loss on Tuesday, as the war in Iran drives jet fuel prices higher and erodes margins.
After Spirit Airlines shutters operations, other discount airlines move quickly to add new routes from Fort Lauderdale.
The Denver-based carrier posted an adjusted net loss of $68 million in Q1 and warned of a bigger loss ahead as jet fuel prices climb