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The Latest Breaking News from JetBlue Airways Corp

JetBlue-Spirit deal faces DOJ antitrust suit this week

The Justice Department and Department of Transportation are expected to take action as soon as Tuesday to block JetBlue Airways Corp.’s $3.8 billion takeover of Spirit Airlines Inc., according to people familiar with the case.

Tribune News Service

Southwest cancels nearly two-thirds of its flights, leaving holiday travelers stranded nationwide

Southwest Airlines Co. canceled almost two-thirds of its flights Tuesday, remaining hobbled by a massive winter storm that most major rivals were able to recover from with greater ease.

Tribune News Service

Southwest cancels 62% of flights, leaving holiday travelers stranded nationwide

Southwest Airlines canceled almost two-thirds of its flights Tuesday, remaining hobbled by a massive winter storm that most major rivals were able to recover from with greater ease.

Tribune News Service

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DOJ antitrust losses in court are seen as setback for Biden’s merger crackdown

In the span of just a month, federal judges rejected the U.S. Justice Department’s attempts to block three mergers in the health technology, agriculture and defense contracting industries.

Tribune News Service

JetBlue Airways Shares Slide After Missing Q2 Street Expectations

JetBlue Airways Corp (NASDAQ:JBLU) reported a second-quarter FY22 adjusted loss per share of $(0.47) compared to adjusted EPS of $0.60 in 2Q19, missing the consensus of $(0.11). Operating revenue grew 16.1% compared to 1Q19 and +63.1% year-over-year to $2.45 billion, missing the consensus of $2.46 billion. Capacity increased by 2.3% year over three,…

Benzinga

Blade Agrees To Provide Helicopter Airport Transfers To JetBlue's TrueBlue Members

Blade Air Mobility Inc (NASDAQ:BLDE) has established an agreement to integrate its Airport service into JetBlue Airways Corp's (NASDAQ:JBLU) TrueBlue loyalty program through 2023. Blade will be adding an additional route of continuous daily service between BLADE Lounge East, located at East 34th Street in Manhattan, and John F. Kennedy International Airport (JFK) starting June…

Benzinga

Frontier, Spirit Airlines Amend Merger Agreement - See What's The Change

Spirit Airlines Inc (NYSE:SAVE) and Frontier Group Holdings Inc (NASDAQ:ULCC), the parent company of Frontier Airlines, Inc., amended their previously announced merger agreement. In the unlikely event the combination is not consummated for antitrust reasons, Frontier would pay a reverse termination fee of $250 million, or $2.23 per share, to Spirit under the provisions of…

Benzinga

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Spirit Airlines Sticks To Frontier Deal - Ball Is In The Shareholders' Court Now

Frontier Airlines parent Frontier Group Holdings Inc (NASDAQ:ULCC) commented on Spirit Airlines Inc.'s (NYSE:SAVE) rejection of JetBlue Airways Corp's (NASDAQ:JBLU) offer. "We are pleased that the Spirit Board of Directors has again reaffirmed its commitment to combining with Frontier, which increases competition by bringing more ultra-low fares to more travelers and delivering substantial shareholder value," stated Barry…

Benzinga

Why Spirit Airlines Stock Is Grounded Today

Spirit Airlines Inc (NYSE: SAVE) shares are trading lower Monday after the company rejected JetBlue Airways Corp's (NASDAQ: JBLU) proposal and said it will proceed with its previously-announced mer

Benzinga

Spirit Airlines Rejects JetBlue's Takeover Bid; JetBlue Renews Offer

Spirit Airlines, Inc. (NYSE: SAVE) has rejected the acquisition bid from JetBlue Airways Corp (NASDAQ: JBLU) and will proceed with the previously-announced merger agreement with Frontier Group Holdings, Inc.

Benzinga

Why Are JetBlue Shares Trading Lower Today

JetBlue Airways Corp (NASDAQ:JBLU) reported a first-quarter FY22 adjusted loss per share of $(0.80) compared to adjusted EPS of $0.16 in 1Q19, beating the consensus of $(0.86). Capacity declined by 0.3% year over three, compared to its guidance for a 1% decline year over three. Operating revenue declined 7.2% compared to 1Q19 and…

Benzinga

JetBlue's Technology Ventures Invests In TPG Rise Climate

JetBlue Airways Corp (NASDAQ:JBLU) JetBlue Technology Ventures (JTV) invested as a limited partner in TPG Rise Climate. Financial terms were not disclosed. TPG Rise Climate is a multibillion-dollar investment fund that supports climate solutions at scale. As part of the investment, JTV joins the fund’s other corporate investors that make up the…

Benzinga

Why JetBlue Airways Stock Is Falling Today

JetBlue Airways Corp (NASDAQ: JBLU) shares are trading lower Wednesday morning after the company confirmed it made a $3.6 billion offer to acquire Spirit Airlines Inc (NYSE: SAVE).

Benzinga

Why Spirit Airlines Shares Are Taking Off

Spirit Airlines (NYSE: SAVE) shares are trading higher following an NYT report suggesting JetBlue Airways Corp (NASDAQ:

Benzinga

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Benzinga

JetBlue Commits To Add Thousands Of Jobs To New York City

JetBlue Airways Corp (NASDAQ:JBLU) will be adding 5,000 jobs in New York City in 2022, stated the company and New York City Mayor Eric Adams. JetBlue will also work with the city to create a new workforce partnership to connect more New Yorkers with high-quality JetBlue jobs and develop a strong pipeline…

Benzinga

JetBlue, Qatar Airways Plan To Expand Existing Global Partnership

JetBlue Airways Corp (NASDAQ:JBLU) intends to expand its existing partnership with Qatar Airways to offer customers more benefits when booking travel to and from international destinations. The arrangement will include more codesharing in additional markets in the coming months, added benefits for JetBlue TrueBlue and Qatar Airways' Privilege Club loyalty members, expanded marketing…

Benzinga

JetBlue Converts 30 Airbus Aircraft Options To Firm Order; Accelerates E190 Retirement

JetBlue Airways Corp (NASDAQ:JBLU) exercises its option to add 30 additional Airbus SA (OTC:EADSY) A220-300 aircraft to its order book, bringing the total number of A220s in the airline's fleet and on order to 100. "We're already seeing benefits from the eight A220s we've added to the fleet, and we're very happy to have more…

Benzinga

JetBlue Stock Gains Post Q4 Results, Hopes On Sequential Month-On-Month Improvement

JetBlue Airways Corp (NASDAQ:JBLU) reported a fourth-quarter FY21 adjusted loss per share of $(0.36) compared to adjusted EPS of $0.56 in 4Q19, beating the consensus of $(0.38). Capacity declined by 5.4% year over two, in line with its planning assumption of a 4%-7% decline year over two. Operating revenue declined 9.7% compared to…

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