Tag Archives: JetBlue

JetBlue CEO Robin Hayes sees no loss in altitude for consumer demand headed into the back half of the year, despite swirling recession fears and disappointing financial results from the airline. “Demand remains extremely strong,” Hayes said on Yahoo Finance Live Tuesday. “We continue to see extremely strong demand [into the fourth quarter.]” The bullish take from Hayes comes as JetBlue shares fell 6% on Tuesday’s session after higher costs for labor and fuel weighed on second quarter… Source link

Former long-time United Airlines CEO Oscar Muñoz says consolidation in the airline industry makes sense, and there is a pathway for Spirit Airlines to be owned by JetBlue or Frontier Airlines. “If I was at United, I would be supportive of this,” Muñoz said on Yahoo Finance Live. “Consolidation will help the level of service. There likely may be concessions. One of the two [carriers] should be able to pull it off.” Last week, JetBlue shocked Wall Street by offering to buy Spirit for $3.6… Source link

(Reuters) -Spirit Airlines would start talks with JetBlue Airways Corp on its $3.6-billion offer, the budget carrier said late on Thursday as it could likely lead to a “superior proposal” to the one from Frontier Group Holdings. JetBlue made an unsolicited offer of $33 per share in cash earlier this week, beating a near $25 per share cash-and-stock bid from Frontier made in February. “We look forward to engaging with the Spirit Board to finalize our combination, to create a national low-fare… Source link

Wall Street isn’t feeling JetBlue’s (JBLU) surprise bid for low-cost fare rival Spirit Airlines (SAVE). “In the near- to medium-term, we view this as a negative for JetBlue. It is a much tougher merger to execute than the proposed Frontier-Spirit merger with greater dis-synergies primarily related to labor costs but also due to greater investments related to changing cabin layouts,” said Raymond James analyst Savanthi Syth in a research note on Wednesday. “While leverage levels appear… Source link

(Bloomberg) — JetBlue Airways Corp. offered to buy budget carrier Spirit Airlines Inc. for $3.6 billion, potentially spoiling a competing bid by rival Frontier Group Holdings Inc. and reshaping the landscape for ultra-low-cost air travel. Most Read from Bloomberg Spirit said Tuesday it received an unsolicited proposal from JetBlue to buy outstanding shares for $33 apiece in cash. Spirit will work with financial and legal advisers to evaluate the offer, according to a statement. The surprise… Source link