Spirit Airlines' cash ‘not going to last for very much longer,' but government rescue on the table [CNBC]
JetBlue Airways Corporation (JBLU)
Last jetblue airways corporation earnings: 1/23 07:00 am
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Source: CNBC
The budget airline is in talks with the Trump administration for a possible rescue package, the lawyer confirmed at a U.S. bankruptcy court hearing. The rescue package could include $500 million from the U.S. government that could eventually give it a 90% stake in the airline and put it ahead of other lenders, according to people familiar with the matter. Spirit Airlines' accessible cash to keep operating won't last long and a government rescue package is on the table, a lawyer for the struggling budget carrier said at a hearing Thursday. The company needs access to existing cash or new funding in the next few days to continue operations , said Marshall Huebner of Davis Polk, the airline's lawyer. “The cash actually available to Spirit to fund ongoing operations is not going to last for very much longer,” he said. “So either new financing, either or both of new financing or access to almost $240 million of restricted cash, is absolutely essential. Round about, no later than t
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JBLU
News
- Spirit lawyer confirms the airline is in 'advanced' talks with US for a rescue package [Yahoo! Finance Canada]Yahoo! Finance Canada
- Why Spirit's crisis benefits Frontier and JetBlue [Yahoo! Finance Canada]Yahoo! Finance Canada
- Why Spirit's crisis benefits Frontier and JetBlue [Yahoo! Finance]Yahoo! Finance
- JetBlue used customers' personal data to set ticket prices, lawsuit alleges [CBS News]CBS News
- Contour Airlines Announces Return of Seasonal Flights from Muscle Shoals, AL to Pensacola, FL [Yahoo! Finance Canada]Yahoo! Finance Canada
JBLU
Earnings
- 1/27/26 - Miss
JBLU
Sec Filings
- 4/17/26 - Form 8-K
- 4/14/26 - Form 4
- 4/14/26 - Form 4
- JBLU's page on the SEC website