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Business

Even airline employees are having trouble finding a seat home from Europe this summer

International passengers walk through the arrivals area at Terminal 5 at Heathrow Airport on November 26, 2021 in London, England. Leon Neal | Getty Images News | Getty Images Airlines want people to take a European vacation this summer — as along it’s not their employees. Carriers are discouraging their staff from using their employee perks […]

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Spirit Airlines posts loss on surge in costs, expects Florida challenges to continue

Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines reported a second-quarter loss as strong travel demand and higher fares weren’t enough to overcome a surge in costs. Spirit reported results less than two weeks after it […]

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JetBlue forecasts return to profit in third quarter, holds back on growth as costs surge

JetBlue Airways Airbus A320 passenger aircraft landing at John F. Kennedy International Airport in New York City. Nik Oiko | LightRocket | Getty Images JetBlue Airways said Tuesday that it expects to return to its first profit since the Covid pandemic began this quarter and that it would remain cautious on growth while costs surge. […]

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Cramer’s week ahead: Jobs report on Friday will make or break July’s rally

CNBC’s Jim Cramer on Monday said the most important data this week is the Bureau of Labor Statistics release of the July nonfarm payrolls report on Friday morning. “If it shows some job growth with no wage inflation, then the fabulous July rally can stand. But if it shows booming hiring with exceptionally large wage […]

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From legroom to airfare: How JetBlue’s takeover of Spirit could change air travel

Passengers wait in line at the Spirit Airlines check-in counter at Orlando International Airport. Paul Hennessy | LightRocket | Getty Images Spirit Airlines relented this week and agreed to sell itself to JetBlue Airways for $3.8 billion, hours after breaking off a merger agreement with Frontier Airlines that failed to win enough shareholder support. The […]

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JetBlue won the battle for Spirit. Now it has to win over Biden’s Justice Department

JetBlue Airlines and Spirit Airlines are seen on the departure board in the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images JetBlue Airways finally won over Spirit Airlines with a $3.8 billion takeover deal. Now it needs to win over antitrust regulators. The New York-based airline […]

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JetBlue agrees to buy Spirit in $3.8 billion deal to create 5th-largest U.S. airline

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC JetBlue Airways reached a deal to buy Spirit Airlines, hours after the discount carrier scrapped plans to merge with Frontier Airlines. JetBlue said it will pay $33.50 a share in cash for Spirit in a $3.8 billion deal. […]

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Spirit ends merger agreement with Frontier, continues takeover talks with JetBlue

A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana, on Monday, Feb. 7, 2022. Luke Sharrett | Bloomberg | Getty Images Spirit Airlines terminated its merger agreement with Frontier Airlines on Wednesday, months after a rival bid by JetBlue Airways marred the planned tie-up. The announcement ends a […]

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Business

Spirit shareholder vote finally underway on Frontier deal clouded by rival JetBlue bid

A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines shareholders were finally voting Wednesday on a planned tie-up with Frontier Airlines, a deal that has been on the rocks following a rival bid from […]

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United Airlines posts profit on travel surge but holds back on flight growth

United Airlines on Wednesday notched a key profit milestone in its pandemic recovery, but said it will scale back its growth plans through 2023. United reported its first quarterly profit — $329 million — since the Covid-19 pandemic began without the help of federal payroll aid, which expired almost a year ago. Unit revenues in […]