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At Close: Feb 14, 2025
Updating Spirit/JetBlue Merger Probabilities As Trial Concludes
11:59pm, Tuesday, 05'th Dec 2023
The Spirit/JetBlue trial is concluding, with the judge expected to rule at some point after December 13, 2023. I see the chance of a JetBlue/Spirit victory as around 65% compared to market implied odd
Judge leans toward approving JetBlue's $3.8B deal for Spirit
02:55pm, Tuesday, 05'th Dec 2023
The judge also said he expected airline fares would rise if no-frills, ultra-low-cost Spirit no longer was around to "undercut everyone else" and drive down prices.
Why Is Spirit Airlines (SAVE) Stock Down 10% Today?
02:21pm, Tuesday, 05'th Dec 2023
Shares of discount carrier Spirit Airlines (NYSE: SAVE ) suffered a heavy blow in the market on Tuesday due to a courtroom drama that could disrupt its merger with JetBlue Airways (NASDAQ: JBLU ). Law
Spirit Airlines offers buyouts to salaried employees to cut costs
06:42pm, Wednesday, 29'th Nov 2023
Spirit is facing financial strain from weaker off-peak demand and Pratt & Whitney engine groundings.
Spirit Airlines: If Merger Fails, What's Next?
02:52pm, Monday, 20'th Nov 2023
Spirit Airlines' stock price has fallen to where it may be a value opportunity even without JetBlue merger. The stock trades around tangible book of ~$12 per share, versus closest competitor Frontier
Buy Spirit Airlines For The Same Reason JetBlue Is: The A321neo
02:26am, Sunday, 19'th Nov 2023
Spirit Airlines and JetBlue's proposed merger is still awaiting a final verdict from the DOJ after almost a year and a half. Spirit's value lies in its Airbus orders, which include more than 100 airpl
JetBlue, Spirit merger 'could go either way': Analyst
05:41pm, Wednesday, 01'st Nov 2023
JetBlue (JBLU) is in court defending its contested $3.8 billion acquisition of Spirit Airlines (SAVE), which would create the 5th largest U.S. carrier. JetBlue contends the deal is critical for growth
JetBlue fights DOJ lawsuit on Spirit Airlines merger, citing need for competition
12:21pm, Tuesday, 31'st Oct 2023
The US Department of Justice (DOJ) has begun a legal battle to block JetBlue Airways (NASDAQ:JBLU) from its planned $3.8 billion acquisition of low cost carrier Spirit Airlines. The case, filed in f
JetBlue sinks to 12-year low as airline forecasts more losses, Spirit antitrust trial begins
10:22am, Tuesday, 31'st Oct 2023
JetBlue faces the Justice Department in an antitrust trial over the carrier's proposed acquisition of budget carrier Spirit Airlines.
JetBlue Earnings and Start of Spirit Trial Sync Up. It's a Big Day for the Stock.
05:00pm, Monday, 30'th Oct 2023
The antitrust trial following the Justice Department's lawsuit to block JetBlue's proposed merger with Spirit Airlines is finally due to begin after a two-week delay.
Spirit Airlines suspends training for new pilots after difficult quarter, Pratt engine issue
11:01am, Friday, 27'th Oct 2023
A Spirit Airlines memo said pilot training would be suspended next month "until further notice."
Spirit (SAVE) Reports Q3 Loss, Tops Revenue Estimates
08:16am, Thursday, 26'th Oct 2023
Spirit (SAVE) came out with a quarterly loss of $1.37 per share versus the Zacks Consensus Estimate of a loss of $1.47. This compares to earnings of $0.03 per share a year ago.
Spirit Airlines cancels some Friday and Saturday flights for unspecified inspections
05:13pm, Friday, 20'th Oct 2023
Spirit Airlines says its flight schedule could be impacted for days as it scrambles to perform "a necessary inspection of a small section of 25 of our aircraft."
Spirit Airlines cancels flights due to ‘necessary' inspections
03:44pm, Friday, 20'th Oct 2023
Spirit Airlines Inc SAVE, +1.26% on Friday had canceled dozens of flights due to what it said was a “necessary inspection of a small section” of some of its jets. According to flight-tracking serv
Is the Revenge Travel Boom Starting to Fizzle Out?
06:05am, Friday, 20'th Oct 2023
Revenge travel refers to the boom that occurred as Covid restrictions eased and people rebooked canceled travel plans and took advantage of their freedom to move around again.
