The merger between the airlines is being contested by the Justice Department, which is suing to block the $3.8 billion deal.
JetBlue Airways estimates that it could raise fares on some routes by up to 40% if it succeeds in buying Spirit Airlines and eliminating the low-fare carrier as a competitor on those routes.
Rising fuel costs and increasing capex hurt Spirit Airlines (SAVE).
JetBlue, Spirit, and Hawaiian are among the companies that are shifting ground crew and changing flight schedules after last month's recall.
Airlines have enjoyed a surge in demand, but their commentary on the quarters to come suggest higher rates and a slowing economy might be catching up with the consumer. The industry is well positioned
Spirit Airlines will have to ground seven Airbus' A320neo jets after the Labor Day holiday in September through the end of the year due to a snag with RTX's Pratt & Whitney engines, Chief Executive Of
Spirit Airlines Inc.'s stock SAVE, -4.85% fell 1.7% in premarket trade Thursday, after the low-cost airline . Miramar, Fla.
Spirit (SAVE) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to loss of $0.30 per share a year ago.
JetBlue Airlines NASDAQ: JBLU stock is declining by as much as 6.5% during Thursday's trading session, even after initially positive news regarding a tough but strategic decision by management. Execu
The U.S. Department of Justice's lawsuit against the JetBlue and Spirit Airlines merger may be weakened due to the Northeast Alliance ban and JetBlue's divestiture of assets to Frontier Airlines. JetB
JetBlue Airways' decision to abandon its alliance with American Airlines has improved its chances in the trial over a $3.8 billion deal to buy Spirit Airlines , but may not be enough to hand it a vict
JetBlue and American Airlines shares fall as JetBlue ends its partnership with American Airlines after a federal judge ordered the companies to end the alliance over antitrust issues in May. JetBlue i

2 Airlines Making Moves on Merger Updates

11:25am, Thursday, 06'th Jul 2023
The airline sector is making headlines today, after news that JetBlue Airways Corp (NASDAQ:JBLU) is ditching its alliance with American Airlines Group Inc (AAL) in order to save its deal with Spirit A
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.
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