Spirit is currently trading at a deep discount to the acquisition price that JetBlue has offered. The market is implying that the transaction is unlikely to be completed and investors need to analyze

Banking, Coinbase, & M&A

07:03pm, Monday, 03'rd Apr 2023
Banking crisis. Coinbase's Wells Notice.
Increased air-travel demand is aiding Spirit Airlines' (SAVE) top-line performance. Rising fuel costs continue to weigh on the bottom line.

Why Airline Stocks Are Down Today

12:33pm, Wednesday, 15'th Mar 2023
United Airlines revised its guidance overnight, predicting a first-quarter loss due to higher fuel costs and the expected impact of a new pilot contract. The airline continues to forecast a strong pro
The airline industry expects demand to soar coming out of the pandemic. What does that mean for airline stocks?
Several airlines, from United Airlines (NYSE: UAL) to Spirit Airlines (NYSE: SAVE), have come out with updated guidance that points to headwinds in Q1. The news has the stock prices moving in differen
Spirit Airlines Inc. SAVE said Tuesday it now expects its fiscal first quarter operating expenses to range from $1.45 billion to $1.47 billion, some $60 million to $70 million higher than previous gui
The Department of Justice is suing to stop the proposed merger between JetBlue Airways (NASDAQ: JBLU) and Spirit Airlines (NYSE: SAVE) on antitrust grounds. A judge who is known for rapidly pushing ca

Why Spirit Airlines Stock Soared on Wednesday

06:19pm, Wednesday, 08'th Mar 2023
There was a development in the lawsuit aiming to block Spirit's acquisition by JetBlue. On Tuesday, the Department of Justice filed the suit, alleging that the deal would ultimately raise costs for co
The Department of Justice's move to block the impending takeover of Spirit Airlines (SAVE) by JetBlue (JBLU) finds support from the USDOT.

JetBlue-Spirit Merger Faces Major Roadblock

01:00pm, Wednesday, 08'th Mar 2023
The Department of Justice is suing to block JetBlue's $3.8 billion acquisition of Spirit Airlines citing antitrust concerns.
Yahoo Finance Live's Dave Briggs and Seana Smith look back on some of today's biggest headlines and what to look out for throughout the week.
The US Justice Department on Tuesday sued to block a $3.8 billion JetBlue-Spirit airline merger, saying that the combination would harm consumers and violate antitrust law.

Why Spirit Airlines Stock Is Up Today

02:00pm, Tuesday, 07'th Mar 2023
The Department of Justice filed suit to block JetBlue's acquisition of Spirit, but the acquirer is having luck convincing some states to support the deal. Unless a settlement can be negotiated, the tw
The US Justice Department challenged JetBlue Airways Corp.'s $3.8 billion acquisition of Spirit Airlines Inc. Tuesday, filing an antitrust lawsuit seeking to block the deal. Attorney General Merric
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