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0 0.0122433240142677 -0.00125325363925575 0.00453099392654011 0.0314084642822712 0.0160994890581317 0.0206883254603296 0.0180275715800636
Stock impact report

Why a federal bailout of Spirit might not be enough to save the struggling airline [Yahoo! Finance Canada]

JetBlue Airways Corporation (JBLU) 
Last jetblue airways corporation earnings: 1/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.jetblue.com/investor-relations
But that might not be enough to rescue an airline that's been on life support for years. The administration is in “very advanced discussions” over a for the troubled discount airline, Marshall Huebner, an attorney for Spirit, said during a bankruptcy hearing Thursday. While he did not give details of the package, it could come to $500 million, a source familiar with the discussion told CNN. Spirit has warned it could be forced out of business due to higher jet fuel prices in the last few months. The airline has been unprofitable since travel plunged during the Covid pandemic, and it has filed for bankruptcy twice, most recently in President Donald Trump seemed to endorse the idea on Tuesday, saying that “maybe the federal government should help (Spirit) out.” But some members of Congress, along with airline CEOs and analysts, say it's a terrible idea. Republican Senators Ted Cruz and Tom Cotton as well as Democratic Senator Elizabeth Warren have expressed concerns. The worry i Show less Read more
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