Passengers wait in line at the Spirit Airlines check-in counter at Orlando International Airport. Paul Hennessy | Light Rocket | Getty Images Spirit Airlines backed down this week and agreed to sell itself to JetBlue Airways for $3.8 billion, hours after it scrapped a merger agreement with Frontier Airlines that failed to garner enough shareholder …
How JetBlue’s takeover of Spirit could change air travel Read More »
JetBlue Airways has finally won over Spirit Airlines with a $3.8 billion takeover deal. Now you need to win over the antitrust regulators. The New York-based airline snatched Spirit Airlines from Frontier Airlines with an all-cash offer that torpedoed the cash-and-stock deal the two discount airlines struck earlier this year. Hours after Spirit and Frontier …
Jet Blue won the Battle of Spirit. Now she has to win Biden’s Department of Justice Read More »
An aerial view of Boeing 777X and Boeing 737 Max 10 aircraft parked at King County International Airport – Boeing Field, in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Boeing on Wednesday stuck to its forecast of a return to free cash flow this year as it prepares to resume delivery of its …
Boeing (BA) profit for the second quarter of 2022 falls short of estimates Read More »
Travel and leisure spending rebounded in the second quarter, and it wasn’t consumers who were making the purchases, according to the latest results from American Express. The company said consumer spending in this category exceeded pre-Covid levels for the first time in April. It should be noted that there has also been a significant rise …
American Express earnings reveal rebound in corporate travel Read More »
An American Airlines Boeing 737-800, equipped with radar altimeters that may interfere with 5G communications technology, can be seen flying 500 feet above the ground during its final approach to landing at LaGuardia Airport in New York City, New York, United States, January 6, 2022. Brian Woolston | Reuters The leaders of the nation’s largest …
Airlines temper flying ambitions after chaotic travel boom Read More »
