{"id":95012,"date":"2025-02-18T05:46:34","date_gmt":"2025-02-18T05:46:34","guid":{"rendered":"https:\/\/peraltafinancing.com\/airline\/spirit-tells-frontier-thanks-but-no-thanks-new-cfo-blows-into-southwest-cranky-flier\/"},"modified":"2025-02-18T05:46:34","modified_gmt":"2025-02-18T05:46:34","slug":"spirit-tells-frontier-thanks-but-no-thanks-new-cfo-blows-into-southwest-cranky-flier","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=95012","title":{"rendered":"Spirit Tells Frontier Thanks but No Thanks, New CFO Blows into Southwest \u2013 Cranky Flier"},"content":{"rendered":"


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Frontier\u2019s Pursuit of Spirit Losing Momentum<\/h3>\n

Frontier just can\u2019t quit Spirit as the carrier is taking the adage of \u201cif at first you don\u2019t succeed, try, try again\u201d to heart as it made a third takeover bid<\/a> of Spirit this week with Spirit respectfully telling Frontier where it could stick its proposal.<\/p>\n

This offer, just like the last one, offered $400 million in newly issued debt, a 19% stake in Froniter\u2019s parent company, and the ability to swap the animal on the tail of up to three airplanes by 2028. It removed the requirement that Spirit complete a $350 million equity rights offering and required that the bankruptcy court-approved $35 million termination fee be waived. The idea that anyone thought they could sell Spirit on anything that included the removal of a fee just shows how Frontier misjudged its rival.<\/p>\n

The offer was valued at about $2.16 billion in all, with Spirit claiming the deal was less beneficial to its stockholders than what it was cooking up in bankruptcy. Who will be next to make an offer to Spirit? It\u2019s unclear what the future holds, but our money is on PIA.<\/p>\n

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Breeze President Luvs New Role at Southwest<\/h3>\n

Tom Doxey, formerly the president of Breeze Airways is blowing into Southwest<\/a> as the carrier\u2019s new CFO, replacing the departing Tammy Romo who chose to retire after a meeting with Elliott Investment Management in which a severed horse head was placed in the seat next to her in the conference room.<\/p>\n

Prior to his time at Breeze, Doxey served in multiple leadership roles at United, eventually leaving the carrier after being unable to convince it to move its Jersey hub from Newark to Trenton. Prior to United he held financial planning and fleet management roles at both Allegiant and US Airways.<\/p>\n

Southwest CEO Bob Jordan said that Doxey\u2019s expertise in financial planning, fleet anagement, and operational leadership were vital to making the decision to bring him board, along with his relaxed temperament and willingness to wait in line in letter and number order in Southwest\u2019s executive dining room in Dallas. Doxey will begin his new role on or about March 10, depending on when Southwest opens up a Wanna Get Away Fare on its Salt Lake City \u2013 Dallas\/Love service for Doxey to get started.<\/p>\n

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DCA Reopens Closed Runways<\/h3>\n

Runways 4\/22 and 15\/33 have reopened<\/a> at Washington\/National Airport, two weeks after the deadly collision that led to the closure of the two runways as a safety measure.<\/p>\n

Both runways are shorter than Runway 1\/19, the primary runway for the airport, but 15\/33 is an especially crucial part of DCA\u2019s flow, and these reopening will allow the airport to increase its traffic to 28 arrivals per hour \u2014 and improvement from the 26 it had been reduced to since the crash. DCA\u2019s maximum arrival flow is 32 flights per hour. <\/p>\n

Restrictions on helicopter flying around the airport remain in effect as the NTSB continues its investigation. Helicopter flying is not completely suspended \u2014 exceptions for medical emergency flights, air defense, and presidential transport remain available to operate \u2014 but routine training missions and other flying will remain banned from the immediate area for the indefinite future.<\/p>\n

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Volaris Expands U.S. Flying<\/h3>\n

Volaris is adding 16 new routes<\/a> to the U.S. including one new destination \u2014 although it\u2019s not one that it\u2019ll likely be excited to share. That\u2019s right folks, the carrier has stunned the world by adding service to Newark \u2014 America\u2019s Most Beloved Airport* \u2014 serving EWR to both Guadalajara and San Salvador. We\u2019ve asked for comment from the mayors of both Guadalajara and San Salvador to find out what it is their citizens did to earn such a fate but as of press time have not received a response.<\/p>\n

Other additions for Volaris include:<\/p>\n