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Business

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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Travel

What does JetBlue-Spirit merger mean for travelers?

WEST PALM BEACH, Fla. — JetBlue Airways is buying up South Florida-based Spirit Airlines. The nearly $4 billion deal is expected to create a much bigger airline, but what does it mean for travelers? Many travelers on Spirit Airlines seem to have a love-hate relationship with the low-cost carrier. But those yellow Spirit planes will be painted […]

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Business

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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Travel

What will become of Spirit’s new Dania Beach HQ if JetBlue deal goes through?

DANIA BEACH, Fla. – After a months-long bidding war, JetBlue Airways has agreed to buy South Florida-based Spirit Airlines for $3.8 billion and create the nation’s fifth-largest airline if the deal can win approval from antitrust regulators. It comes one day after the airline officially broke off negotiations with fellow discount carrier Frontier Airlines. Spirit […]

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Travel

JetBlue buys Spirit Airlines for $3.8 billion

[AP] — JetBlue is buying Spirit Airlines for $3.8 billion, creating the nation’s fifth largest airline. The agreement Thursday comes a day after Spirit’s attempt to merge with Frontier Airlines fell apart. JetBlue will acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable once Spirit stockholders […]

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Business

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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Travel

Spirit Says Merger With Frontier Is Off as Negotiations With JetBlue Continue

Skift Take Spirit rejecting Frontier’s merger deal is stunning considering Spirit had given indications it preferred a merger with Frontier after JetBlue’s repeated offers. Rashaad Jorden Spirit Airlines announced on Wednesday during the company’s second quarter earnings call that the company’s planned merger with Frontier Airlines is off, paving the way for Spirit to accept […]

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Business

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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Business

ISS urges Spirit shareholders to vote against Frontier merger, calls JetBlue bid superior

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC Proxy advisory firm Institutional Shareholder Services on Friday reversed its stance on Spirit Airlines’ planned tie-up with Frontier Airlines, urging Spirit shareholders to vote against the deal and calling JetBlue Airways’ all-cash bid a “superior alternative,” yet another […]