Latest Robin Hayes News

JetBlue posts Q2 loss as fuel costs offset rising revenue

Aug. 02, 2022 12:03 PM EDT

NEW YORK (AP) — JetBlue Airways lost $188 million in the second quarter, as fuel costs nearly tripled and wiped out a large increase in revenue during the early part of the peak vacation-travel season. The loss reported Tuesday was wider than Wall Street expected. JetBlue was...

JetBlue is buying Spirit for $3.8 billion after bidding war

Jul. 28, 2022 18:30 PM EDT

JetBlue Airways is buying Spirit Airlines for $3.8 billion in a deal that could increase competition at the top end of the U.S. airline industry while eliminating the largest discount airline for travelers on a tight budget. The agreement announced Thursday capped bidding war that...

With Frontier deal dead, Spirit ponders sale to JetBlue

Jul. 27, 2022 18:19 PM EDT

Spirit Airlines and Frontier Airlines agreed Wednesday to abandon their merger proposal, opening the way for JetBlue Airways to acquire Spirit after a months-long bidding war for the budget carrier. The decision by Spirit and Frontier to terminate their deal was announced while...

Vote on Spirit, Frontier merger is postponed, again

Jul. 13, 2022 12:25 PM EDT

Days ahead of a shareholder vote at Spirit Airlines over a proposed buyout by rival budget carrier Frontier, the vote was postponed for a fourth time in a signal that the deal still lacks support from investors. Spirit said Wednesday that the vote on the Frontier Airlines offer...

Frontier Airlines says it lacks the votes for Spirit merger

Jul. 11, 2022 16:18 PM EDT

Frontier Airlines, facing likely defeat in its bid to merge with Spirit Airlines, says it is done with a bidding war and is asking for another delay in a shareholder vote on the deal. Frontier CEO Barry Biffle said in a letter made public Monday that his airline is “very far”...

Spirit Airlines again postpones vote on Frontier merger

Jul. 07, 2022 19:49 PM EDT

Spirit Airlines said Thursday it was again postponing a shareholder vote on a proposed merger with Frontier Airlines to continue talks with Frontier and rival bidder JetBlue Airways. The vote was delayed from Friday until at least July 15. It was the third time that...

Spirit's delay allows airline bidding war time to play out

Jun. 30, 2022 17:55 PM EDT

NEW YORK (AP) — Shares of Spirit Airlines rose Thursday after it postponed a vote for the second time on a proposed merger with Frontier Airlines, allowing for a bidding war over the budget airline between Frontier and JetBlue Airways to play out. The delay, announced hours before...

Appeals court throws out NC insurance magnate's convictions

Jun. 29, 2022 21:25 PM EDT

RALEIGH, N.C. (AP) — A federal appeals court on Wednesday threw out the 2020 conspiracy and bribery convictions of a major political donor in North Carolina and his associate, declaring that the trial judge erred in his jury instructions. A three-judge panel of the 4th U.S....

Merger vote at Spirit could reshape discount airline market

Jun. 29, 2022 19:48 PM EDT

DALLAS (AP) — The prospect of a takeover of Spirit Airlines threatens to upend the cheap-fare end of the industry much like a series of mergers among big airlines reduced choices for travelers. Spirit is the largest budget airline in the United States, but its days as a stand-alone...

Advisers tell Spirit shareholders to reject Frontier bid

May. 31, 2022 22:20 PM EDT

NEW YORK (AP) — A firm that advises investors on proxy voting said Tuesday that Spirit Airlines shareholders should oppose Frontier Airlines’ bid to buy Spirit, saying that a competing offer by JetBlue is financially superior. Institutional Shareholder Services Inc. conceded that...