Spirit Aviation Holdings, Inc. shares fall 1.28% intraday after Frontier Airlines offers Elite Gold status to select loyalty program members.

Spirit Aviation Holdings, Inc. declined 1.28% in intraday trading. The drop in stock price may be attributed to the news that Frontier Airlines is offering Elite Gold status through 2026 to members of select loyalty programs with other airlines, including Spirit Airlines. This offer could potentially divert customers away from Spirit Airlines, leading to a decrease in its stock price.