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FORGOTTEN HISTORY: 15 | History Defined

Spirit shareholders approve sale to JetBlue. Tough scrutiny expected though to gain regulatory approval

Florida-based Spirit Airlines said its shareholders voted Wednesday to approve the airline’s $3.8 billion sale to New York-based JetBlue Airways, clearing the next step in a long road to combine the two airlines.

Miami Herald

Spirit shareholders ready to vote on JetBlue takeover

The marriage proposal that Spirit Airlines originally rejected from JetBlue Airways is set to go before the South Florida carrier’s shareholders on Wednesday, with industry analysts confident that it would pass with ease.

Tribune News Service

American-JetBlue antitrust trial testing limits of industry consolidation

American Airlines CEO Robert Isom told a federal judge Monday that the carrier was hindered in markets like New York and Boston because of the headstart that Delta and others had as blockbuster mergers shrunk the industry over the last two decades.

Tribune News Service

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Exec says American Airlines lost track of valuable JFK slots in US Airways merger

American Airlines lost track of coveted space at JFK International Airport in New York following its merger with US Airways, resulting in the carrier giving up flights at one of the world’s most competitive airports, a top executive testified Friday.

Tribune News Service

JetBlue CEO first witness in US lawsuit against 2 airlines

A trial is underway in the federal government's lawsuit aiming to kill a partnership between American Airlines and JetBlue Airways in the Northeast

The Independent UK

American Airlines-JetBlue antitrust trial starts Tuesday with high stakes for Biden

The government’s antitrust regulators are quickly approaching the proverbial line drawn in the sand over airline consolidation.

Tribune News Service

American Airlines-JetBlue antitrust trial starts Monday with high stakes for Biden

The government’s antitrust regulators are quickly approaching the proverbial line drawn in the sand over airline consolidation.

Tribune News Service

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Flying Is a Mess Right Now, but Elizabeth Warren Is Wrong To Blame Airline Mergers

Why does Elizabeth Warren think that JetBlue buying Spirit Airlines will be bad for consumers?

Reason

Airlines Keep Flight Cuts, Other Curbs as Industry Woes Drag On

Airlines and airports around the world have been extending passenger caps and cuts to flight schedules through the fall and winter, attempting to steady operations after a wild summer of global travel disruptions that show signs of easing.

Bangkok Post

Are Further Airline Mergers At The Gate?

Recent multi-billion dollar mergers and upbeat earnings reports in the airline industry have revived optimism in the sector and on airline stocks as investors turn bullish on the sector’s potential after being paralyzed by the COVID-19 pandemic in the past two years.

Benzinga

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

JetBlue agrees to buy Spirit for $3.8B. It would create the 5th largest U.S. airline

The agreement Thursday capped a months-long bidding war and arrives one day after Spirit's attempt to merge with Frontier Airlines fell apart. The deal still needs approval from antitrust regulators.

WEKU

JetBlue buys Spirit for $3.8 billion to become fifth-biggest US airline

JetBlue wins bidding war for ultra-low-cost carrier after recently launching flights to London Heathrow

The Independent UK

Benzinga Before The Bell: Apple's Latest Move For Self-Driving Car Project, Monkeypox Is A National Emergency, Spirit-Jet Blue Merger And Other Top Financial Stories Thursday, July 28

Reuters

Benzinga

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Axios

Spirit-JetBlue merger takes flight after Frontier deal terminated

JetBlue and Spirit are looking to create one of the nation's largest airlines.

The Independent UK

JetBlue buys Spirit for $3.8 billion

JetBlue is buying Spirit Airlines in a $3.8 billion deal, a day after Spirit and Frontier Airlines agreed to abandon their merger proposal

Tribune News Service

Spirit Airlines ends proposed deal with Frontier, paves way for possible JetBlue takeover

Spirit Airlines has ended its proposed merger with Frontier Airlines, clearing a path for JetBlue Airways to take over the South Florida-based discount carrier.

Tribune News Service

Frontier, JetBlue are at a stalemate in merger battle for Spirit

With a fateful vote a day away, Spirit Airlines Inc. is standing alone at the altar despite having two suitors that have spent months trying to acquire the low-cost carrier.

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Chicago Tribune

Editorial: In the low-cost airline industry, a race to the bottom

During the golden age of commercial aviation, passengers enjoyed gourmet meals and stretched out in roomy comfort. Fast forward to the current state of flight, epitomized by Spirit Airlines, an ultra-low-cost carrier notorious for poor service that nonetheless is being pursued by two rivals.

Tribune News Service

Wave of airline flight delays this year mostly self-inflicted

The share of US flight delays caused by airlines, as opposed to weather or air traffic control, has surged to the highest level on record, reflecting carriers’ struggle in the post-Covid rebound.

StockNews.com

Should You Avoid Spirit After It Delays Deal With Frontier for Third Time?

Spirit Airlines (SAVE) deferred its shareholder vote for the third time since its proposed merger with Frontier Group (ULCC) was announced in early February. The company has also received an all-cash offer from JetBlue Airways (JBLU), and signing either deal would create the fifth largest airline in the U.S. Considering…

Tribune News Service

American Airlines wants to restart flights to five more Cuban cities

American Airlines wants to resume flying to five cities in Cuba after the Biden administration reversed a Trump-era policy limiting flying to the country.

Miami Herald

Bidding war escalates, as Spirit Airlines again delays final decision on Frontier merger

For the second time this month, Broward County’s Spirit Airlines has postponed a final decision on whether to go ahead with a planned merger with Frontier Airlines.

Benzinga

Spirit Airlines Defers Key Shareholder Vote On Frontier Deal Again

Spirit Airlines Inc (NYSE: SAVE) on Wednesday postponed a key shareholder vote on a proposed deal with Frontier Group Holding Inc (NASDAQ: ULCC) until next week.

The Independent UK

Merger vote at Spirit could reshape discount airline market

Shareholders of Spirit Airlines will vote Thursday on a proposed merger with Frontier Airlines, and the outcome could affect fares for millions of air travelers who depend on the budget airlines

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