Frontier and Spirit to merge to create the fifth-largest US airline

A Frontier Airlines plane arrives at a gate at Raleigh-Durham International Airport in North Carolina. 


Al Drago/Bloomberg via Getty Images

Frontier Airlines and Spirit Airlines, both known for their budget prices for flights, announced their merger Monday. Together the airlines hope to create a competitive low-fare airline. 

“This transaction is centered around creating an aggressive ultra-low fare competitor to serve our guests even better,…

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