Flying Is a Mess Right Now, but Elizabeth Warren Is Wrong To Blame Airline Mergers Why does Elizabeth Warren think that JetBlue buying Spirit Airlines will be bad for consumers? Reason · Sep 20, 2022
Airlines Keep Flight Cuts, Other Curbs as Industry Woes Drag On Airlines and airports around the world have been extending passenger caps and cuts to flight schedules through the fall and winter, attempting to steady operations after a wild summer of global travel disruptions that show signs of easing. Bangkok Post · Aug 29, 2022
Are Further Airline Mergers At The Gate? Recent multi-billion dollar mergers and upbeat earnings reports in the airline industry have revived optimism in the sector and on airline stocks as investors turn bullish on the sector’s potential after being paralyzed by the COVID-19 pandemic in the past two years. Benzinga · Aug 3, 2022
JetBlue Airways Shares Slide After Missing Q2 Street Expectations JetBlue Airways Corp (NASDAQ:JBLU) reported a second-quarter FY22 adjusted loss per share of $(0.47) compared to adjusted EPS of $0.60 in 2Q19, missing the consensus of $(0.11). Operating revenue grew 16.1% compared to 1Q19 and +63.1% year-over-year to $2.45 billion, missing the consensus of $2.46 billion. Capacity increased by 2.3% year over three,… Benzinga · Aug 2, 2022
JetBlue agrees to buy Spirit for $3.8B. It would create the 5th largest U.S. airline The agreement Thursday capped a months-long bidding war and arrives one day after Spirit's attempt to merge with Frontier Airlines fell apart. The deal still needs approval from antitrust regulators. WEKU · Jul 28, 2022
JetBlue buys Spirit for $3.8 billion to become fifth-biggest US airline JetBlue wins bidding war for ultra-low-cost carrier after recently launching flights to London Heathrow The Independent UK · Jul 28, 2022
Benzinga Before The Bell: Apple's Latest Move For Self-Driving Car Project, Monkeypox Is A National Emergency, Spirit-Jet Blue Merger And Other Top Financial Stories Thursday, July 28 Reuters Benzinga · Jul 28, 2022
Spirit-JetBlue merger takes flight after Frontier deal terminated JetBlue and Spirit are looking to create one of the nation's largest airlines. Axios · Jul 28, 2022
JetBlue buys Spirit for $3.8 billion JetBlue is buying Spirit Airlines in a $3.8 billion deal, a day after Spirit and Frontier Airlines agreed to abandon their merger proposal The Independent UK · Jul 28, 2022
Spirit Airlines ends proposed deal with Frontier, paves way for possible JetBlue takeover Spirit Airlines has ended its proposed merger with Frontier Airlines, clearing a path for JetBlue Airways to take over the South Florida-based discount carrier. Tribune News Service · Jul 28, 2022
Frontier, JetBlue are at a stalemate in merger battle for Spirit With a fateful vote a day away, Spirit Airlines Inc. is standing alone at the altar despite having two suitors that have spent months trying to acquire the low-cost carrier. Tribune News Service · Jul 26, 2022
Editorial: In the low-cost airline industry, a race to the bottom During the golden age of commercial aviation, passengers enjoyed gourmet meals and stretched out in roomy comfort. Fast forward to the current state of flight, epitomized by Spirit Airlines, an ultra-low-cost carrier notorious for poor service that nonetheless is being pursued by two rivals. Chicago Tribune · Jul 18, 2022
Wave of airline flight delays this year mostly self-inflicted The share of US flight delays caused by airlines, as opposed to weather or air traffic control, has surged to the highest level on record, reflecting carriers’ struggle in the post-Covid rebound. Tribune News Service · Jul 15, 2022
Should You Avoid Spirit After It Delays Deal With Frontier for Third Time? Spirit Airlines (SAVE) deferred its shareholder vote for the third time since its proposed merger with Frontier Group (ULCC) was announced in early February. The company has also received an all-cash offer from JetBlue Airways (JBLU), and signing either deal would create the fifth largest airline in the U.S. Considering… StockNews.com · Jul 12, 2022
Tribune News Service · Jul 5, 2022 American Airlines wants to restart flights to five more Cuban cities American Airlines wants to resume flying to five cities in Cuba after the Biden administration reversed a Trump-era policy limiting flying to the country.
Miami Herald · Jun 30, 2022 Bidding war escalates, as Spirit Airlines again delays final decision on Frontier merger For the second time this month, Broward County’s Spirit Airlines has postponed a final decision on whether to go ahead with a planned merger with Frontier Airlines.
Benzinga · Jun 30, 2022 Spirit Airlines Defers Key Shareholder Vote On Frontier Deal Again Spirit Airlines Inc (NYSE: SAVE) on Wednesday postponed a key shareholder vote on a proposed deal with Frontier Group Holding Inc (NASDAQ: ULCC) until next week.
The Independent UK · Jun 29, 2022 Merger vote at Spirit could reshape discount airline market Shareholders of Spirit Airlines will vote Thursday on a proposed merger with Frontier Airlines, and the outcome could affect fares for millions of air travelers who depend on the budget airlines
Benzinga · Jun 28, 2022 Why Casino Stocks Are Rising This Morning And 2 More Things You Need To Know Today! Happy Tuesday Zingernation! Goood morning Zingernation! All major indices are green heading into the open as investors look for more signs that we may have already bottomed. Yesterday, the markets had another roller-coaster day, opening up before quickly reversing and closing relatively flat.
Axios · Jun 28, 2022 Spirit Airlines takeover fight heads to a vote Frontier Airlines and JetBlue each want to remake America's airline industry.
Benzinga · Jun 28, 2022 JetBlue Won't Take No For An Answer, Makes Another Bid For Spirit Airlines If anything can be said about JetBlue Airways (NASDAQ: JBLU), it would be that it doesn't easily give up. The airline has offered yet another upgrade to its acquisition bid for Spirit Airlines Inc.
Benzinga · Jun 28, 2022 Benzinga Before The Bell: Roe vs Wade Ruling Effect, Airbnb's Ban on Parties, JetBlue's Modified Proposal And Other Top Financial Stories Tuesday, June 28 CNBC
Benzinga · Jun 28, 2022 JetBlue Modifies Spirit Proposal; Urges Spirit Shareholders Vote Against Frontier Offer JetBlue Airways (NASDAQ:JBLU) has again modified its proposal to acquire Spirit Airlines Inc (NYSE:SAVE) based on discussions with Spirit shareholders. JetBlue added a ticking fee, increased the reverse breakup fee to $400 million, and accelerated prepayment to $2.50 per share. Related: JetBlue Submits Improved Proposal For Spirit Airlines At $33.50/share The addition of a ticking…
Bangkok Post · Jun 24, 2022 Aviation industry upbeat on outlook for H2 The aviation industry is finally seeing signs of optimism as it tries to rebound from a major crisis, although the recovery path appears to be uneven across the globe, particularly in Asia-Pacific as a result of remaining restrictions.
Benzinga · Jun 23, 2022 Raymond James Upgrades Frontier Group - Read Why Raymond James analyst Savanthi Syth upgraded Frontier Group Holdings Inc (NASDAQ:ULCC) to Outperform from Market Perform while maintaining the same price target of $14 (an upside of 45%). The analyst states that the revised U.S. airline estimates reflect a stronger near-term revenue trend, stubbornly higher fuel prices, anticipated demand softening, and planned and expected capacity…