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.
Airlines Stock Market on Decline despite Ongoing Travel Boom
The broader concerns of stakeholders in the airline industry can be attributed to the fears of recession.
SAVE Stock Up 22% after JetBlue Offers to Buy Spirit Airlines for $3.6B
Should the acquisition materialize, JetBlue and Spirit Airlines will have 32,000 employees combined and will be headquartered in New York.
SAVE Stock Up 17% while ULCC Climbs 3.5% as Frontier Airlines and Spirit Airlines Merge
The two largest discount carriers in the US have merged, Frontier Airlines has a 51.5% controlling stake in the joint venture, while Spirit holds the remaining 48.5%.
Airline Stocks Plummet as Airline Industry Faces ‘Worst Year in History’
By
Darya Rudz
According to the International Air Transport Association (IATA), airlines worldwide are expected to lose $84.3 billion this year because of the COVID-19 pandemic.
UAL Stock Down Over 60% YTD, United Airlines Seeks Government Bailout Option to Sustain
United Airlines has reached out to the U.S. government requesting $4.5 billion in loans to keep their operations floating. The airlines operator has also offered the government a higher stake in the company with a fresh stock offering.
Airline Stocks Take the Hardest Hit Due to Coronavirus
Global airlines stand to lose $113 billion in sales if the coronavirus continues to spread, according to the International Air Transport Association. The airline stocks have been also seriously hit.