Aviation industry analysts spend much of yesterday weighing up the benefits and negatives of a merger between Frontier and Spirit Airlines announced yesterday. Analysts Cowen & Company were unsurprised at the news and wholeheartedly in favour, noting that the merger was all about growth. This seems to be the prevailing opinion. The JPMorgan gang agreed that it was unsurprising but questioned the timing. “Why now?” they asked – without COVID-19 as the catalyst, the team there do not believe the merger would have been announced yesterday, noting that they view this deal as “born of near-term necessity during a time

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