JetBlue to Expand Services at Long Island MacArthur Airport
JetBlue Airways announces new nonstop flights from Long Island MacArthur Airport to three Florida destinations, marking the airline’s entrance as the fourth carrier at the Islip Town-owned airport. The expansion comes amidst ongoing upgrades totaling over $100 million, including the proposed Midway Crossing project. With JetBlue’s services set to begin in October, the airport anticipates increased passenger traffic and improved connectivity for travelers to popular Florida destinations.
Spirit Airlines Pilots to Reopen Contract Negotiations Amid Industry Developments
Spirit Airlines pilots to reopen contract negotiations amid termination of multi-billion dollar merger deal with JetBlue Airways. The move signifies potential shift in relationship as company seeks to address labor-related issues. Stock market reacts with 10.84% decrease in Spirit Airlines, Inc. Equities (SAVE) stock price. Industry events reverberating across financial markets, prompting shifts in investor sentiment and trading patterns.
JetBlue Airways sees surge in shares after Carl Icahn’s 10% stake
Activist investor Carl Icahn’s nearly 10% stake in JetBlue Airways has caused a surge in the airline’s shares, sparking discussions about possible board representation. Despite facing challenges, JetBlue has been focusing on cost-cutting and operational improvements to regain profitability following the post-Covid travel surge and a blocked merger with Spirit Airlines.
Two JetBlue planes collide on tarmac at Boston Logan International Airport
Two JetBlue planes collided at Boston Logan International Airport, grounding both flights for repairs and impacting travel plans. No injuries were reported, and the FAA is investigating the incident.
Spirit Airlines Merger: Potential Trading Strategies
Spirit Airlines: Trading Strategies While Waiting For The Airline Merger Jan. 08, 2024 6:04 AM ET Spirit Airlines, Inc. (SAVE) Stock By: Lexi Mural Summary The proposed merger between Spirit Airlines and JetBlue Airways is facing challenges from the Department…
Judge Blocks JetBlue’s Acquisition of Spirit Airlines Following Lawsuit
A federal judge has blocked JetBlue Airways’ acquisition of budget rival Spirit Airlines following a lawsuit filed by the U.S. Justice Department. The lawsuit alleged that the merger would lead to increased fares for price-sensitive consumers. The proposed $3.8 billion…
JetBlue CEO Robin Hayes Steps Down, President Joanna Geraghty to Take Over
JetBlue CEO Robin Hayes has announced his decision to step down from his role, with the airline’s president and COO, Joanna Geraghty, set to take over in February. Hayes, who has served as CEO for nine years, cited the challenges…
Hawaiian Airlines Announces Potential Merger with Alaska Airlines for $1.9 Billion
Hawaiian Airlines is in the spotlight after announcing a potential merger with Alaska Airlines for $1.9 billion. The deal, which was revealed on December 3, involves Alaska acquiring Hawaiian for $18 a share. This move comes as Hawaiian Airlines has…