Spirit's delay allows airline bidding war time to play out [CBS News]
JetBlue Airways Corporation (JBLU)
Last jetblue airways corporation earnings: 1/23 07:00 am
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Source: CBS News
Airlines, allowing for a bidding war over the budget airline between Frontier and JetBlue Airways to play out. The delay, announced hours before the scheduled vote, indicated that Spirit lacked support to approve the Frontier merger. JetBlue CEO Robin Hayes said Spirit shareholders gave their board a mandate to negotiate a sale to his airline. But JetBlue investors seemed underwhelmed by the prospect of the New York-based carrier buying Spirit. They sent shares of JetBlue down 6.6% on Thursday. Spirit rose 6.4%, while Frontier dipped 1.5%. Florida-based Spirit said the vote on a proposed tie-up with Frontier would be postponed until July 8. Leaders of all three airlines have been making their pitch to major Spirit shareholders for support in a vote that could reshape the market for travelers looking for the cheapest possible fare. Spirit's board has stood by a February agreement with Frontier despite pressure from JetBlue. The vote on the Frontier deal was originally sched
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JBLU
News
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- JetBlue Airways (JBLU) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Morgan Stanley's Wilson Is Steering Clear of Bold S&P 500 Calls [BNN Bloomberg (Canada)]BNN Bloomberg
- Citi Premier Card review 2024: Low annual fee travel card earns high on everyday expenses [USA TODAY]USA TODAY
JBLU
Earnings
- 4/23/24 - Beat
JBLU
Sec Filings
- 4/23/24 - Form 8-K
- 4/22/24 - Form SC
- 4/15/24 - Form 4
- JBLU's page on the SEC website