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The Latest Breaking News from JetBlue

American Airlines-JetBlue antitrust trial starts Monday with high stakes for Biden

The government’s antitrust regulators are quickly approaching the proverbial line drawn in the sand over airline consolidation.

Tribune News Service

American Airlines-JetBlue antitrust trial starts Tuesday with high stakes for Biden

The government’s antitrust regulators are quickly approaching the proverbial line drawn in the sand over airline consolidation.

Tribune News Service

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

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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

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

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

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

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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

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

Spirit-JetBlue merger takes flight after Frontier deal terminated

JetBlue and Spirit are looking to create one of the nation's largest airlines.

Axios

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

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

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

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

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Tribune News Service

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.

StockNews.com

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…

Tribune News Service

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

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.

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Benzinga

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

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

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

Spirit Airlines takeover fight heads to a vote

Frontier Airlines and JetBlue each want to remake America's airline industry.

Benzinga

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

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

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…

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