NEW YORK--(BUSINESS WIRE)--JetBlue (Nasdaq: JBLU) announced it has expanded its transatlantic offerings with new, nonstop flights taking off from New York and Boston today. Daily summer-seasonal service from New York’s John F. Kennedy International Airport (JFK) and Boston Logan International Airport (BOS) to Dublin Airport (DUB) will operate through September 30, 2024 and reinforce JetBlue’s role as a disruptor in the industry as it brings low fares and great service to these popular routes. JetBlue has ...

NEW YORK--(BUSINESS WIRE)--JetBlue Airways Corporation (Nasdaq: JBLU) will present at the J.P. Morgan Industrials Conference on March 12th at approximately 12:30 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 & Presentations' following the conference call. ...

Spirit Airlines (SAVE -10.60%), the discount airline that at one time had agreed to be acquired by Frontier Group Holdings (ULCC 11.10%) before jilting Frontier for another, is being forced to fly alone. Investors are rallying into Frontier shares on the news, sending the stock up 11% as of 3 p.m. ET.Frontier could end up the big winner even after losingFrontier's business plan was borrowed from Spirit, and when the two airlines announced plans to merge in February 2022 to create the nation's fifth-largest ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: JetBlue and Spirit Airlines formally called off their merger following an unfavorable January US court ruling. JetBlue and Spirit Airlines formally pulled the plug Monday on their merger, about six weeks after a federal judge ruled it violated US antitrust law. The companies had positioned JetBlue's $3.8 billion purchase of Sp ...

Key TakeawaysJetBlue and Spirit Airlines have terminated a proposed $3.8 billion merger.The merger would have created the fifth-largest domestic carrier, attracting antitrust scrutiny.JetBlue will pay $69 million in termination fees to Spirit.Both companies will now pursue plans to improve profitability, but there are concerns over Spirit's financial condition. JetBlue (JBLU) and Spirit Airlines (SAVE) have called off their $3.8 billion proposed merger after regulators blocked the deal. Spirit Airlines stoc ...

Shares of Spirit Airlines (NYSE:SAVE) stock are taking a tumble after the discount airliner announced that its $3.8 billion merger with JetBlue (NYSE:JBLU) had been called off. This morning, the two companies entered into a termination agreement that voided the merger agreement that they signed in July of 2022.“We are disappointed we cannot move forward with a deal that would save hundreds of millions for consumers and create a real challenger to the dominant ‘Big 4’ U.S. airlines,” said Spirit CEO and pres ...

Low-cost carriers JetBlue and Spirit called off their proposed $3.8 billion merger on Monday — weeks after a federal judge blocked the deal on anti-competition concerns.A successful deal would have created the fifth-largest carrier in the United States and helped Spirit ensure its survival.“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,” JetBlue shared in a stateme ...

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 ...