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Sun Country Air backs rival’s merger, plans to stay independent -Breaking

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© Reuters. FILEPHOTO: The logo of Spirit Airlines, a low-cost carrier, is seen on an Airbus plane at Colomiers (near Toulouse), France, 6 November 2018. REUTERS/Regis Duvignau

Padraic Halpin

DUBLIN, (Reuters) – Sun Country Airlines chief Sun Country Airlines backed a possible merger in ultra-low-cost airlines in the United States. It claimed it would bring benefits for customers.

Frontier Airlines (NASDAQ:) and JetBlue Airways are competing for your business. Spirit Airlines (NYSE:) This month, JetBlue rejected an increased offer. It claimed that it was less likely to be approved by regulators than Spirit’s Frontier agreement.

Jude Bricker, chief executive of Airline Economics said that he was in favor of the deal being made with one of the counterparties. He hoped it would happen before the end the year.

“I think it makes tons of sense, even for the consumers,” he said.

Brian Deese, Director of the White House National Economic Council

Biden said that it takes industry consolidation very seriously.

Bricker expressed his belief that having two airlines acting together in the U.S. would benefit them and will result in more rational pricing. This will prove to be a net plus.

It makes good sense and I agree with Frontier and Spirit that it is good for consumers and good for employees of both airlines. It’ll also be profitable for investors. “I hope that it will happen.”

Bricker explained that Sun Country Airlines does not seek acquisitions, and is looking to be independent.

Our focus is on remaining independent, and delivering the same results as we’ve done. Because of the size and complexity of our company, it is impossible to become acquisitive. “I think that we have something really great going. Right now, our focus is on execution.

Bricker stated that the U.S. airline industry faces a robust recovery.

The world is in a tight spot right now. We’re also witnessing unit revenues, in our case, increase by approximately 30% over unit revenue in the first quarter 2019 and pre COVID. This is a huge, huge recovery in demand.

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