Frontier Airlines shifts to ultra-low fares
With the addition of new passenger fees, Denver-based Frontier Airlines took another step Monday in its shift toward an ultra-low-cost carrier business model.
Starting Monday, Frontier began to charge passengers from $20 to $50 for a carry-on bag and $3 to $15 to pre-select a seat. In the past, Frontier waived both fees for economy fliers who booked through FlyFrontier.com. Now all economy fliers pay the fee.
For more than a year, Frontier has been moving toward the business model made famous by Florida-based Spirit Airlines and Las Vegas-based Allegiant Airlines, both of which charge for carry-on bags and dozens of other services.
Los Angeles Times
Pfizer still wants AstraZeneca as $98.7 billion bid rejected
LONDON — Pfizer is back in the megamerger game.
The U.S. drugmaker proposed buying AstraZeneca for about 58.8 billion pounds ($98.7 billion) in what would rank as the industry’s biggest-ever takeover, surpassing Pfizer’s $64 billion purchase of Wyeth in 2009. AstraZeneca spurned the offer as too low, and Pfizer said it’s considering its options.
If AstraZeneca eventually agrees, a deal would create a company incorporated in Britain for tax purposes and run from New York. London-based AstraZeneca’s operations would be sewn into Pfizer’s three new business units.
Pfizer offered 46.61 pounds a share in cash and stock for AstraZeneca in January, and AstraZeneca declined to pursue negotiations, Pfizer said in a statement Monday.