Latest JetBlue Airways Corp News

Caterpillar, JetBlue fall; Uber, SunPower rise

Aug. 02, 2022 16:23 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Caterpillar Inc., down $11.35 to $183.51. The construction equipment maker's second-quarter revenue fell short of Wall Street forecasts. Uber Technologies Inc., up...

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...

Asian shares mostly higher after rally on Wall Street

Jul. 29, 2022 00:26 AM EDT

TOKYO (AP) — Asian shares were mostly higher on Friday following a broad rally on Wall Street, but Hong Kong’s benchmark sank more than 2%. Investors appear to have grown more convinced that the Federal Reserve may temper its aggressive interest rate hikes aimed at taming...

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...

Meta, Comcast fall; Harley-Davidson, Frontier rise

Jul. 28, 2022 16:25 PM EDT

Stocks that traded heavily or had substantial price changes Thursday: Meta Platforms Inc., down $8.86 to $160.72. The owner of Facebook and Instagram said its revenue fell for the first time ever, dragged down by a drop in ad spending. Teladoc Health...

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...

Spirit Airlines shareholders reject bid to merge with Frontier, opening the door to a Spirit-JetBlue deal

Jul. 27, 2022 16:07 PM EDT
DALLAS (AP) — Spirit Airlines shareholders reject bid to merge with Frontier, opening the door to a Spirit-JetBlue deal.

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...