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
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 faces the Justice Department in an antitrust trial over the carrier's proposed acquisition of budget carrier Spirit Airlines.
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.
A Spirit Airlines memo said pilot training would be suspended next month "until further notice."
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 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 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
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.
Airline stocks are particularly weak at the moment. Recession fears are spiking again as rate concerns increase, threatening spending overall along with travel in the process.
Year-to-date, mega-cap stocks have been the big winners while their smaller peers have lagged. For instance, each of the magnificent seven stocks is up more than 30%, while the Rusell 2000 is up a mea
JetBlue is raising flight attendant pay by 5% while union agreed to support the airline's acquisition of budget carrier Spirit.

Signal Says Buy Puts on This Airline Stock

12:46pm, Thursday, 28'th Sep 2023
The shares of Spirit Airlines Incorporated (NYSE:SAVE) were last seen down 2.2% at $16.15 today.

Why Shares in Frontier Are Sliding This Week

03:15pm, Thursday, 21'st Sep 2023
Rising fuel prices are pressuring profit margins at budget airlines. There appears to be significant discounting ahead of Thanksgiving.
Travel boom has delivered bumper earnings for U.S. carriers, but no-frills airlines such as Frontier and Spirit are struggling to return to sustainable profitability.
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