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I agree….and I think some hikes would happen if Frontier bought Spirit (though Frontier would have a broader reach with more planes).
4 Μαρ 2024 · JetBlue Airways and Spirit Airlines are ending their proposed $3.8 billion merger weeks after a federal judge blocked the deal, saying it would hurt consumers who depend on Spirit’s lower fares.
[World] - A federal judge blocked JetBlue Airways' $3.8 billion deal to buy Spirit Airlines, rejecting a merger that he said would hamper competition and lead to higher fares.
2 Μαρ 2024 · The majority of Spirit Airlines is owned by investment company The Vanguard Group, accounting for nearly 10% of ownership. Spirit currently faces a financial crisis, with a net operating loss of $554 million in 2022 and a significant drop in market value.
16 Ιαν 2024 · A federal judge has blocked the proposed $3.8 billion acquisition of Spirit Airlines (NYSE: SAVE) by JetBlue Airways (NASDAQ: JBLU), sending both carriers back to the drawing board to pursue...
5 Αυγ 2022 · After an effort to merge with Frontier Airlines failed, Spirit said it had agreed to be acquired by JetBlue Airways, with the deal expected to close no later than the first half of 2024,...
4 Μαρ 2024 · The planned acquisition of Spirit Airlines (NYSE: SAVE) by JetBlue Airways (NASDAQ: JBLU) is officially off, and investors are worried about what comes next for Spirit. Shares of the discount...
