Low-cost air carriers JetBlue Airways and Spirit Airlines canceled their $3.8bn merger agreement on Monday, seeing no path forward after a US judge blocked the deal in January on anti-competition concerns.A successful deal would have created the fifth-largest carrier in the United States and helped Spirit ensure its survival, but the deal had been on the ropes ever since a Boston judge said it would harm consumers by reducing competition.“With the ruling from the federal court and the Department of Justice’ ...

Spirit Airlines Inc tanked 20% in premarket on Monday after JetBlue Airways Corporation terminated its $3.8 billion merger agreement with the ultra-low-cost carrier.The news arrives shortly after a federal judge blocked $JBLU from buying Spirit Airlines – citing the deal could increase fares for price-sensitive travellers. JetBlue and $SAVE had together appealed that ruling in line with terms of the planned transaction. Joanna Geraghty – chief executive of JetBlue said today:“We were right to compete with F ...

Low-cost carriers JetBlue and Spirit agreed to terminate their $3.8 billion merger agreement after facing significant regulatory and legal hurdles.  On Monday, the airlines issued a joint statement saying that the decision "is the best path forward.""We are proud of the work we did with Spirit to lay out a vision to challenge the status quo, but given the hurdles to closing that remain, we decided together that both airlines’ interests are better served by moving forward independently," said JetBlue CEO Joa ...

JetBlue Airways aircraft are pictured at departure gates at John F. Kennedy International Airport in New York on June 15, 2013.JetBlue Airways and Spirit Airlines on Monday said they were terminating their merger agreement weeks after losing a federal antitrust lawsuit that challenged the deal.A federal judge blocked the attempted merger in January after the Justice Department sued to bar the deal last year alleging the acquisition would stifle competition in the airline industry and eliminate Spirit as a d ...

NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) today announced that it has reached an agreement with Spirit Airlines (NYSE: SAVE) to terminate their July 2022 merger agreement. Although both companies continue to believe in the procompetitive benefits of the combination, JetBlue and Spirit mutually agreed that terminating is the best path forward for both companies as required closing conditions, including receiving necessary legal and regulatory approvals, were unlikely to be met by the merger agreem ...

It has been about a month since the last earnings report for JetBlue Airways (JBLU) . Shares have added about 20.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is JetBlue due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Narrower-Than-Expected Q4 Loss at JetBlueJBL ...

JetBlue has quietly hiked the price of checking a bags — sparking outrage on social media from passengers who branded the move a greedy cash grab.The New York-based airline is now charging travelers $45 for their first stardard-size bag checked within 24 hours of departure — and $60 for a second bag.JetBlue is offering a $10 discount for passengers who are ahead of the game: The first checked bag paid for at least a day before departure is $35, while the second is $50. 4 JetBlue raised the price of checki ...

NEW YORK--(BUSINESS WIRE)--JetBlue Airways Corporation (Nasdaq: JBLU) will participate in a fireside chat at the Citi Industrial Tech and Mobility Conference on February 22nd at approximately 1:00 p.m. ET. A live, listen-only webcast of the call will be available on JetBlue's investor relations website at the following web address: http://investor.jetblue.com For those unable to listen to the live webcast, it will also be archived on JetBlue's investor relations website under 'Archived Events & Presentati ...

Key PointsJetBlue called the attention of activist investor Carl Icahn; here are some reasons why that was the case.JetBlue is the stock with the highest potential EPS growth, as the airline industry could soon see an expansion bump.Despite this promise, analysts think it is already priced in and instead gives the most upside to this other stock.5 stocks we like better than CME GroupThere aren't a lot of chances in the market quite like this one when a sophisticated investor like Carl Icahn, with his track ...

Activist Commentary: Carl Icahn is the grandfather of shareholder activism and a true pioneer of the strategy. He is very passionate about shareholder rights and good corporate governance and will go to extreme lengths to fight incompetent boards and over compensated managers. While Carl Icahn is not slowing down at all, in October 2020, he reached an agreement with his son Brett Icahn to rejoin the firm as the eventual successor. Brett has said that he plans to employ his father's favored approach of pushi ...