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
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 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
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
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
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
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 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
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
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