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Frontier Airlines Airbus A320neo
(Nicolas Economou/Getty Images)

Frontier takes off in the wake of Spirit’s second bankruptcy filing

Deutsche Bank said Frontier is the big winner of Spirit’s collapse, sending its shares up and those of its rivals downward.

Max Knoblauch

The skies are looking a bit more blue today for Frontier Airlines.

The low-cost carrier stands to benefit the most from Friday’s fresh bankruptcy filing by its budget rival Spirit Airlines, according to a recent note from Deutsche Bank. Deutsche Bank upgraded Frontier’s rating to “buy” from “hold” following the news, with analyst Michael Linenberg noting that more than a third of Frontier’s network overlaps with Spirit’s in the current quarter.

Frontier shares were up as much as 20% in Tuesday morning trading. Shares of budget flying rival JetBlue were up 2% in recent trading.

The whole ordeal is a cheaper way for Frontier to achieve its long-standing mission of eliminating competition from Spirit. Frontier has unsuccessfully tried to acquire the carrier twice since 2022 — a failed merger that would have created the US’s fifth-largest airline. Now, Frontier will have even more opportunity to eat Spirit’s market share, without the need to get approval from antitrust regulators.

Last week, Frontier said it would launch 20 new routes this winter. Many of those will be in Spirit’s major markets.

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