LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York.A federal judge blocked JetBlue Airways' purchase of budget rival Spirit Airlines, a major win for Biden's Justice Department, which sued to stop the merger, alleging it would drive up fares for some of the most price-sensitive consumers.JetBlue's proposed $3.8 billion purchase of discounter Spirit would have produced the country's fifth-largest airline, a deal the carriers said would help them better grow and compete aga ...

NEW YORK--(BUSINESS WIRE)--As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has set January 25, 2024, as the record date for the January 2024 prepayment to Spirit stockholders of $0.10 per Spirit share (the “January 2024 Additional Prepayment”), with payment of the January 20 ...

About this content About Andrew Kessel Andrew is a financial journalist with experience covering public companies in a wide breadth of industries, including tech, medicine, cryptocurrency, mining and retail. In addition to Proactive, he has been published in a Financial Times-owned newsletter covering broker-dealer firms and in the Columbia Misourian newspaper as the lead reporter focused on higher education. He got his start with an internship at Rolling Stone magazine.  Read more About the publisher Pr ...

JetBlue Airways (JBLU) board of directors has chosen Joanna Geraghty as the new chief executive officer (CEO) of the company, effective Feb 12, 2024. Joanna Geraghty, currently serving as JBLU’s president and chief operating officer, is succeeding Robin Hayes, who has been leading the company for almost nine years.Hayes will serve as a strategic advisor to the company over the coming months.Peter Boneparth, chair of JetBlue’s board, stated, "On behalf of the entire Board, I want to congratulate Joanna and t ...

On Tuesday morning, JetBlue Airways (JBLU -10.76%) announced that its CEO is stepping down at a critical moment in the airline's history. The market hates surprises, and shares of JetBlue were trading down by more than 10% as of 12:25 p.m. ET following the announcement.A new leader at a challenging timeJetBlue has a lot going on right now. It's currently in court fighting an attempt by antitrust regulators to block its proposed acquisition of Spirit Airlines (SAVE -4.99%). It has also had to deal with opera ...

Shares of JetBlue Airways Corp. took a hard hit Tuesday, following an analyst’s call to sell the stock, and after the air carrier announced that its long-time chief executive was retiring for health reasons.A look at the stock’s JBLU, -10.65% chart suggests, however, that the downgrade may have had more to do with the selloff, as shares initially gained on the CEO news. JetBlue’s stock ticked up after CEO-succession announcement, then dived in the wake of BofA Securities’ call to sell. FactSet, MarketWatc ...

JetBlue Airways’ incoming CEO Joanna Geraghty is set to take the helm at a turbulent time for the low-cost airline as it awaits a court ruling on its merger with Spirit Airlines. ...

JetBlue CEO Robin Hayes said he’s leaving the airline in February after more than eight years at the helm “on the advice of my doctor,” citing “the extraordinary challenges and pressure of this job [that] have taken their toll.”“It’s time I put more focus on my health and well-being,” the 57-year-old airline veteran announced in a press release on Monday.Hayes, who rose to the top job at JetBlue in 2015, will be succeeded by the company’s chief operating officer, Joanna Geraghty, effective Feb. 12.Hayes — ...

JetBlue Airways Corp. JBLU, +3.23% Chief Executive Robin Hayes will step down in February after nearly nine years at the helm, citing the advice of a doctor, the company said Monday. The resignation comes as a federal judge decides whether to block the airline’s merger with Spirit Airlines Inc. SAVE, +2.33% that Hayes championed. JetBlue President Joanna Geraghty will succeed Hayes to become the only woman in charge of a major U.S. airline. Hayes, who led JetBlue through the pandemic, spearheaded the launc ...

Robin Hayes, chief executive officer of JetBlue Airways Corp., during an interview in New York, on Friday, Feb. 17, 2023.JetBlue CEO Robin Hayes will step down next month, the company announced Monday. The airline's chief operating officer, Joanna Geraghty, will take the helm. Hayes will remain on the board of directors after he leaves his post on February 12 and will stay on as a strategic advisor. Geraghty will join the board. "It's bittersweet to retire from this airline I love, but I will always feel a ...