Spirit Airlines (SAVE) earnings Q2 2022

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 … Read more

Transportation Department proposes stricter rules for airline refunds after complaints surge

Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie Joseph’s | CNBC The Transportation Department on Wednesday proposed stricter rules on when airlines would have to compensate passengers for canceled or delayed flights, a move that follows a surge in traveler complaints after Covid-19 ruined air travel. Air travelers are currently entitled … Read more

JetBlue shares tumble as costs push it to a loss despite profit forecast on higher fares

JetBlue Airways Airbus A320 passenger aircraft landing at John F. Kennedy International Airport in New York City. Nik Oiko | LightRocket | Getty Images JetBlue Airways shares tumbled more than 6% Tuesday after a surge in costs drove it to another quarterly loss just as it plans its takeover of Spirit Airlines. The New York-based … Read more

5 things to know before the stock market opens Monday

Here are the most important news items that investors need to start their trading day: 1. Stock futures are lower to start August trading A trader works on the floor of the New York Stock Exchange (NYSE), July 27, 2022. Brendan McDermid | Reuters Stock futures are lower Monday, as Wall Street begins a new … Read more

How to play the second half of the season with Starbucks and Caterpillar on deck

We’re already past the halfway mark of the earnings season, but that doesn’t mean the deluge will ease this week. Nearly 150 S & P 500 companies are slated to report, including Starbucks, Uber Technologies and Caterpillar. Companies such as Starbucks and Uber should give investors insight into the global consumer’s health, while Caterpillar will … Read more

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 … Read more

5 things to know before the stock market opens Friday, July 29

A screen displays the Fed rate announcement as a trader reacts on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 27, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Taking stock on a summer Friday … Read more

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 … Read more

Stanley Black & Decker, Southwest Airlines, Harley-Davidson and more

Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit shares rose 3.9% in premarket trading after it agreed to be acquired by JetBlue (JBLU) for $33.50 per share in cash. That follows yesterday’s rejection by shareholders of Spirit’s previous deal to merge with Frontier Airlines parent Frontier … Read more

JetBlue Airways reaches deal to buy Spirit Airlines

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Joseph’s | CNBC JetBlue Airways reached a deal to buy Spirit Airlines, hours after the discount carrier ended its merger agreement with Frontier Airlines. JetBlue said it will pay $33.50 a share in cash for Spirit. A JetBlue acquisition of Spirit … Read more