JetBlue Cuts Profit Forecast After American Airlines Deal Ends
JetBlue Airways Corp reduced its full-year profit forecast on Tuesday after its revenue-sharing deal with American Airlines came to an end. Shares in the airline plunged by 8% during premarket trading.
With JetBlue in the process of acquiring Spirit Airlines, this low-cost airline and American...
The Possible Effects of JetBlue Buying Spirit
For those who are a bit out of the aviation loop, JetBlue recently acquired budget adversary Spirit Airlines. This looks to be a successful merger for the most part—but if you ask Frontier Airlines CEO Barry Biffle, he believes the collaboration could actually do...
JetBlue Makes Last-Minute Improved Offer for Spirit Airlines
JetBlue Airways still hasn't given up on attempts to take over competitor Spirit Airlines. After their initial offer fell short, JetBlue made an improved offer on Monday and is now willing to pay $31.50 per share.
The new terms would see shareholders getting $31.50 in...