American's cut is a substantial one, driven by higher labor costs following its pay agreement with pilots and elevated fuel prices.
Southwest Airlines and Alaska Airlines trimmed their forecasts earlier this month.
Spirit Airlines Inc.'s stock SAVE, -1.14% tumbled 4% in premarket trade Wednesday, after the discount carrier lowered its third-quarter guidance to reflect increased promotional activity for travel in
CFRA reiterated its sell rating on Spirit Airlines Inc. SAVE, +11.98% on Tuesday, and said JetBlue Airways Corp.'s JBLU, -0.39% move Monday to transfer Spirit holdings at Boston and Newark airports wa
Low-cost carrier JetBlue Airlines (JBLU) on Monday agreed to sell off Spirt Airlines' (SAVE) assets at Newark Liberty and Boston Logan airports, as the airline seeks to win regulators' approval for a
JetBlue Airways Corp. JBLU, -3.90% has agreed to transfer to Allegiant Travel Co. ALGT, -2.27% all of its Spirit Airways Inc. SAVE, -0.89% holdings at Boston Logan International Airport and Newark Lib
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
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