Spirit Airlines (NYSE: SAVE ) stock is on the move Thursday as investors react to a recent decision made by JetBlue Airways (NASDAQ: JBLU ). The big news here is JetBlue Airways ending its collaborati
JetBlue hopes to salvage its $3.8 billion Spirit acquisition by ending the Northeast Alliance with American Airlines following a court ruling.
JetBlue Airways (NASDAQ:JBLU) announced it will comply with a US judge's order from May to terminate its alliance with American Airlines Group (NASDAQ:AAL) to safeguard its planned $3.8 billion acquis
The low-cost airline reiterated that it strongly disagrees with the ruling but said it has made the “difficult decision” to begin terminating its alliance with American Airlines in the New York an
JetBlue said Wednesday it will wind down an alliance with American Airlines rather than challenge a US court ruling that determined the joint venture was anti-competitive.
JetBlue Airways is ending its alliance with American Airlines following a judge's ruling that it was anti-competitive in the hopes of saving a pending merger with Spirit Airlines.
JetBlue Airways, seeking to protect a planned $3.8 billion purchase of Spirit Airlines, said on Wednesday it would follow a US judge's May order that it end an alliance with American Airlines.
JetBlue said it will end a partnership with American Airlines in the Northeast after losing a court fight over the deal, and will instead focus on salvaging its proposed purchase of Spirit Airlines. J
CNBC's Phil LeBeau joins 'Closing Bell Overtime' with breaking news out of the airline sector.
JetBlue Airways Corp. JBLU said late Wednesday it will unwind a joint venture with American Airlines Group Inc. AAL in airports in the Boston and the New York City areas to “focus” on its merger w
A federal judge ordered last month JetBlue and American to undo their partnership in the Northeast, ruling it violated antitrust law.
Shares of airline operators traded broadly lower in premarket trading Wednesday, after travel on the July 4 holiday was disrupted by bad weather. Data from the Transportation Securities Administration
The US airline industry is expected to regain pre-pandemic profitability due to lower oil prices and higher utilization rates. Airlines trade at a historically cheap multiple of revenue to enterprise
Friday was the busiest ever air travel day in the U.S., with the Transportation Security Administration screening more than 2.88 million passengers.
Shares of air carriers fell to start July, after seeing big gains in June, even after data showing that there were more fliers to start the July 4 weekend than in any day in pre-pandemic 2019. Data fr
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