Spirit Mergers and Acquisitions Presentation Deck
>>> Third-Party Analysts Endorse the Frontier Opportunity
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Those who know us best understand how compelling the Frontier transaction is...
Long Anticipated, Highly Logical Proposed
Merger... While it has been long anticipated, the
announcement timing is a welcome surprise, which
may catalyze broader investor interest. Common fleet
type, common business model with some important
execution differences."
Source: Analyst Reports.
- MKM Partners
“ This deal (1) can benefit from economies of scale; (2)
has little route overlap, which could lower regulatory
risk; (3) can support both carriers' capacity growth
plans, adding to industry overcapacity; and (4) could
place a ceiling on industry multiples, as the takeout
was in line with historical valuation... This is a deal
that makes sense."
- Bank of America
"The announced merger ... makes sense on a
number of dimensions from fleet to business model
to relative scale gains helping both direct revenue
and ancillary benefits (loyalty and other)."
- UBS
"Is this good for Frontier and Spirit investors? Yes,
this merger always made sense... This is a merger
that we have historically considered as having the
highest chance of occurring in the U.S. and one that
makes the most sense."
- Raymond James
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