Thursday saw two more FY22 earnings releases from US airlines: JetBlue and Alaska Airlines. JetBlue reported a full-year net loss of $-362 million, while Alaska’s profit was a small $58 million. What’s behind these numbers? JetBlue and Alaska Airlines positive about...
JetBlue expects to recover the capacity for the final quarter quicker than anticipated in August and outpace 2019 levels again. Capacity should be up by one to four percent over 2019 and end between zero and two percent for the full year, it said on October 25 in its...
The final call is on the regulators, but the fight for Spirit Airlines seems over. After Frontier Airlines’ decision on Wednesday to terminate the merger agreement with Spirit, the ultra-low-cost airline announced on Thursday that the boards of directors of Spirit...
UPDATE – JetBlue CEO Robin Hayes is confident that his airline is closing in on a successful transaction to buy Spirit Airlines. He is happy that JetBlue has finally got a fair chance to review Spirit’s financial information after the Spirit Board has...
UPDATE – JetBlue has made a new offer directly to the shareholders of Spirit Airlines and has called on them to vote against the proposed agreement with Frontier Airlines. Through its wholly-owned subsidiary Sundown Acquisition Corp, JetBlue has submitted an...
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