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The Latest Breaking News from JetBlue

Spirit Airlines rejects JetBlue buyout bid on antitrust concerns, will stick with Frontier offer

FORT LAUDERDALE, Fla. — South Florida-based discount carrier Spirit Airlines announced Monday it has rejected a $3.6 billion buyout bid by JetBlue Airways, saying its suitor failed to sufficiently address antitrust concerns.

Tribune News Service

Spirit Airlines Rejects JetBlue's Takeover Bid; JetBlue Renews Offer

Spirit Airlines, Inc. (NYSE: SAVE) has rejected the acquisition bid from JetBlue Airways Corp (NASDAQ: JBLU) and will proceed with the previously-announced merger agreement with Frontier Group Holdings, Inc.

Benzinga

Why Are JetBlue Shares Trading Lower Today

JetBlue Airways Corp (NASDAQ:JBLU) reported a first-quarter FY22 adjusted loss per share of $(0.80) compared to adjusted EPS of $0.16 in 1Q19, beating the consensus of $(0.86). Capacity declined by 0.3% year over three, compared to its guidance for a 1% decline year over three. Operating revenue declined 7.2% compared to 1Q19 and…

Benzinga

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Editorial: A sensible shift away from COVID mask mandates

Last week, a video taken on a JetBlue airplane went viral. It wasn’t what we’ve come to expect from this genre of content: there was no person behaving badly, or causing a scene. Instead, it was the pilot of a JetBlue plane telling customers they were allowed to fly mask-free,…

Tribune News Service

Disgraced former Fox host Bill O’Reilly blames Biden for his airport meltdown when he called worker a ‘scumbag’

Mr O’Reilly called the JetBlue worker a ‘scumbag’ and that he would ‘lose his job’

The Independent UK

From planes to Ubers: Where you do and don’t have to wear masks on US public transport

Planes, trains, cabs, and buses across the US are dropping their mask requirements – even at Disney World

The Independent UK

Mike Tyson beats up plane passenger who was harassing him

Footage appears to show the former heavyweight boxing champion hitting a man who had been enthusiastically interacting with him

The Independent UK

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Video: O'Reilly chews out JetBlue worker

"You’re gonna lose your job," the disgraced Fox News host told the employee. "You f**king scumbag"

Salon

Disgraced former Fox News Bill O’Reilly filmed shouting abuse at airline staff after flight delay: ‘You scumbag!’

The conservative commenter has denied any wrongdoing and says ‘character assassins on social media’ are lying about the recorded incident

The Independent UK

JetBlue's Technology Ventures Invests In TPG Rise Climate

JetBlue Airways Corp (NASDAQ:JBLU) JetBlue Technology Ventures (JTV) invested as a limited partner in TPG Rise Climate. Financial terms were not disclosed. TPG Rise Climate is a multibillion-dollar investment fund that supports climate solutions at scale. As part of the investment, JTV joins the fund’s other corporate investors that make up the…

Benzinga

From planes to Ubers: Where you do and don’t have to wear masks on US public transport

Planes, trains, cabs, and buses across the US are dropping their mask requirements – even at Disney World

The Independent UK

Where you do and don’t have to wear masks on US public transportation

Planes, trains, cabs, and buses across the US are dropping their mask requirements – even at Disney World

The Independent UK

Summer flight cuts: Some staff-challenged airlines are dialing back schedules to avert cancellations

Travelers visiting South Florida had every right to be cranky this spring break season as airlines canceled or delayed hundreds of flights over the weekends, citing staff shortages, bad weather and air traffic control issues.

Tribune News Service

Terrified passengers scream and beg to be let off plane after stormy flight

In video footage passengers can be heard shouting "I'm not going back in the air" and "we gotta' get off this plane" after several aborted landings at JFK Airport in New York

Daily Mirror

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The Independent UK

‘Everybody wants to get the hell off’: JetBlue passengers plead with crew after three aborted landings

‘Arrest me!’ multiple customers challeng flight attendants in extraordinary mutiny captured on camera

Benzinga

Merger Arbitrage Mondays - WindAcre Doubles Its Stake In Nielsen Holdings (NLSN) And Other Deals

Merger activity decreased last week with three new deals announced and six deals completed. Tivity Health (NASDAQ: TVTY)

The Independent UK

Hundreds of flights cancelled in US over the weekend

Jetblue and Spirit Airlines among carriers worst hit

Tribune News Service

After $3.6 billion offer, Spirit Airlines agrees to negotiate with JetBlue

A new takeover offer for Spirit Airlines by JetBlue Airways of New York is now viewed as attractive enough for the South Florida-based carrier to enter into negotiations aimed at cutting a deal.

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news in one place.

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Benzinga

Morning Brief: Top Stories Dominating Financial Media on Friday, April 8

Reuters

Benzinga

Spirit Airlines Plans To Initiate Discussions With JetBlue On $3.6B Bid

Spirit Airlines Inc (NYSE:SAVE) Board has agreed to engage in discussions with JetBlue Airways (NASDAQ:JBLU) concerning an all-cash transaction for $33/share. Related: Spirit Airlines Gets Second Takeover Bid This Year: What Investors Should Know Spirit remains bound by the terms of the merger agreement with Frontier Group Holdings, Inc. (NASDAQ:ULCC). Spirit's Board has not determined that JetBlue's proposal…

The Independent UK

Spirit Airlines will talk to JetBlue about takeover bid

The fight for Spirit Airlines is heating up again

Tribune News Service

JetBlue and Frontier are fighting to buy Spirit Airlines. What does that mean for South Florida?

The impending loss of Spirit Airlines as South Florida’s hometown air carrier could have a number of ramifications, ranging from hits on local employment and facilities to spikes in the prices leisure travelers pay to visit the region.

Tribune News Service

JetBlue ofrece $3,600 millones por Spirit para frustrar fusión con Frontier

Apr. 6—JetBlue Airways hizo una oferta no solicitada en efectivo para adquirir Spirit Airlines por un poco más de $3,500 millones, dos meses después que la compañía con sede en Miramar dijera que se fusionaría con su rival Frontier.

The Independent UK

‘Abandoned’ cabin crew forced to sleep on floor of airport due to flight cancellations

‘Crews were abandoned,’ says flight attendants union

StockNews.com

American Airlines vs. JetBlue: Which Stock Is a Better Buy?

Airline stocks such as American Airlines (AAL) and JetBlue (JBLU) have trailed the broader markets in the last year. The two companies are expected to report losses in 2022 due to lower capacity, higher unit costs, and macro-economic uncertainty.

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