SPIRIT AIRLINES INC

JetBlue's Q4 results were better than expected, but the airline's outlook for 2023 has left investors skeptical about its ability to generate sustained profitability and free cash flow. The failed merger with Spirit Airlines has left JetBlue scrambling to chart a new course for growth, and the market is waiting for more details on the company's efficiency plan.

Related tickers: JBLU, SAVEQ.

Frontier Group Holdings has proposed a merger with Spirit Airlines, arguing it offers better financial recovery than Spirit's standalone restructuring plan. Frontier warns Spirit's bankruptcy plan would leave it highly leveraged and unprofitable, stressing the urgency of a deal.

Related tickers: ULCC, SAVEQ.