Passengers at an American Airlines gate at the Dallas/Fort Worth International airport in Dallas. Scott Mlyn | CNBC It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle a record level of IPOs, and mortgage lenders added headcount as rock-bottom […]
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. […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
A Spirit Airlines aircraft takes off at La Guardia Airport. John Nacion | LightRocket | Getty Images Spirit Airlines said Tuesday it plans to open a crew base at George Bush Intercontinental Airport in Houston, a United Airlines hub, the latest expansion as the discounter plots growth at large airports. Miramar, Florida-based Spirit in March […]
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 […]