Credit Suisse Upgrades American Airlines (AAL) to Outperform

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Go back to Credit Suisse Upgrades American Airlines (AAL) to Outperform

Spirit Airlines appoints new CEO, seen as M&A harbinger

January 5, 2016 11:29 AM EST

By Jeffrey Dastin

(Reuters) - Spirit Airlines Inc (NASDAQ: SAVE) on Tuesday named board member Robert Fornaro as chief executive officer in a move analysts say may nudge it towards a merger with Frontier Airlines and improve its results after a year of unit revenue decline.

Fornaro headed AirTran Holdings Inc for nearly four years until Southwest Airlines Co (NYSE: LUV) bought it in 2011. Analysts say his record of dealmaking may in the long run seal a merger of Spirit and Frontier, which have a common... More