JetBlue Reaches Deal to Acquire Discount Carrier Spirit Airlines
If the proposed acquisition of Spirit Airlines by JetBlue gets regulatory approval, it will lead to the creation of the fifth largest airline in the United States.
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If the proposed acquisition of Spirit Airlines by JetBlue gets regulatory approval, it will lead to the creation of the fifth largest airline in the United States.
The broader concerns of stakeholders in the airline industry can be attributed to the fears of recession.
Should the acquisition materialize, JetBlue and Spirit Airlines will have 32,000 employees combined and will be headquartered in New York.
Following the decision of the Federal Reserve not to change the interest rate, Dow Jones and S&P 500 experienced consecutive losses. Other market indicators got a boost to show different market response.
As the airline industry is going through its worst period in the last several decades, all the companies are initiating necessary steps to make their passengers feel safe while traveling again. Meanwhile, American Airlines (AAL) shares are in the green.
Shares of the ‘Big 4’ U.S. airlines surged in pre-market trading on Wednesday after they accepted the government coronavirus bailout. United Airlines, American Airlines, Delta Air Lines, Southwest Airlines stocks have all risen by average 10% but are falling now.
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