JetBlue Financial News

Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late last year as budget airlines struggle

Subscribe to enjoy similar stories. A JetBlue plane was en route to Puerto Rico when its pilots got word from air-traffic control they were about to fly through a danger zone. The plane initially went into a holding pattern to stay safe.

The Transportation Department is stepping up enforcement of persistent flight delays with a lawsuit against Southwest Airlines and a fine against Frontier Airlines

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JetBlue is getting hit with a $2 million penalty for chronically late flights

CAZ Investments Chief Investment Officer Christopher Zook analyzes the number of merger and acquisition deals that took place under Biden versus Trump. 

The Thanksgiving travel rush is expected to be bigger than ever this year

The largest budget airline in the U.S., has filed for Chapter 11 bankruptcy protection

Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the airline to JetBlue.

Spirit Airlines, the US' biggest budget airline, has filed for bankruptcy protection. Spirit has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion over the next year. The airline will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue, AP reported. The Florida-based airline said it had pre-arranged a deal with its bondholders to restructure its debts and raise money to help it operate during the bankruptcy process, which it expects to exit in the first quarter of 2025. The carrier said it expected to continue operating its business as normal through the proceedings and customers could book and fly without interruption.

Spirit Airlines has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and a failed attempt to sell the airline to JetBlue

Spirit Airlines says it won’t announce its quarterly financial results on time because the company is focused on talks with bond holders to restructure its debt

Spirit Airlines is cutting jobs and selling off some jets worth millions of dollars as the budget carrier aims to cut costs amid looming financial struggles and an uncertain future

JetBlue Airways plans to open its first airport lounges as part of a plan to get more business from premium travelers

Alaska Airlines is closing its $1 billion purchase of Hawaiian Airlines

The Biden administration is letting Alaska Airlines buy Hawaiian Airlines

Check out the companies making headlines in midday trading:

New York Stock Exchange, US stock market on Thursday witnessed another tepid day in trade as S&P 500 and Dow Jones both fell. Wall street in track for their worst week since April. The S&P 500 slipped 0.3 per cent for a third straight drop, and the Dow Jones Industrial Average lost 219 points, or 0.5 per cent. The Nasdaq composite held up better than the rest of the market and added 0.3 per cent thanks to gains for Tesla and a handful of other Big Tech stocks. The S&P 500 dipped 16.66 points to 5,503.41. The Dow dropped 219.22 to 40,755.75, and the Nasdaq composite rose 43.36 to 17,127.66.

Billionaire Carl Icahn and his company were charged by U.S. regulators with failing to disclose personal loans worth billions of dollars that were secured using securities of Icahn Enterprises as collateral