With more observers bracing for a future where JetBlue Airways Corp. and Spirit Airlines Inc. have to go it alone, Fitch analysts on Wednesday became the latest to cast doubt on Spirit's prospects as

Why Are Stocks Down Today?

04:34pm, Wednesday, 17'th Jan 2024
Stocks are well in the red across the board today as rising Treasury yields alarm traders. Why are stocks down today?
The pain isn't over yet for Spirit Airlines (NYSE: SAVE ), as shares of the ultra-low-cost carrier are down more than 20% today. Yesterday, U.S. District Court Judge William Young ruled to block Spiri
Spirit, whose last profitable year was 2019, had challenges even before the ruling including grounded planes, softening demand and rising costs.
Jenny Harrington, Gilman Hill Asset Management CEO, Jim Lebenthal, chief equity strategist at Cerity Partners, Joe Terranova, senior managing director at Virtus Investment Partners, and Rob Sechan, ma
It's Spirit's second day of double-digit losses after a judge blocked its proposed merger with JetBlue Airways.
Shares of Spirit Airlines were down another 20% on Wednesday morning following a federal judge's move to block its planned $3.8 billion acquisition by JetBlue. The deal would have created the fifth-la
Shares in the low-cost airline (and late-night punchline) Spirit Airlines (NASDAQ: SAVE ) plunged after a judge blocked its $3.8 billion merger with JetBlue (NASDAQ: JBLU ). There are now real fears o

Time for Quality ETFs on Mounting Uncertainties?

09:01am, Wednesday, 17'th Jan 2024
Global shares experienced a slump on Jan 16, 2024 in response to fresh economic data that heightened concerns about China's economy. Also, bets over imminent Fed rate cuts weakened.
A federal judge's decision to block JetBlue Airways Corp.'s proposed $3.8 billion acquisition of Spirit Airlines Inc. is a good outcome for JetBlue, according to J.P. Morgan.
JetBlue Airways may have lost its court battle over the proposed merger with Spirit Airlines, but it's not such a bad outcome for the low-cost carrier.
Shares of Spirit Airlines plunged nearly 50% Tuesday after a federal judge blocked JetBlue Airways' (NASDAQ:JBLU) plan to purchase the budget airline for $3.8 billion.  The ruling is a win for the U

US judge blocks JetBlue-Spirit airline merger

03:53pm, Tuesday, 16'th Jan 2024
A US federal judge on Tuesday ruled against JetBlue's $3.8 billion takeover of low-cost carrier Spirit Airlines, saying that the deal would reduce competition.
The U.S. government's suit to block JetBlue's acquisition of Spirit was successful, casting the future of both companies into doubt. JetBlue comes out better of the two sides, given the deal was expen
Spirit Airlines (SAVE) shares dumped more than 50% on Tuesday after a judge blocked its proposed merger with rival JetBlue (JBLU).
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