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0.00149142431021636 0.00149142431021636 0.00223713646532447 -0.00149142431021622 0.00298284862043258 0.00620432513049961 0.0104399701715138 0.0126771066368382
Stock impact report

Why Spirit Airlines Stock Flew Higher at the Open Today [Yahoo! Finance]

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
Company Research Source: Yahoo! Finance
The move appears to have excited speculation among Spirit investors, sending the shares soaring 13% at the open Monday before retreating back to up 3% as of 1:30 p.m. A routine announcement causes a big spike Spirit shareholders have endured a lot of turbulence in recent years. The company came into 2024 hoping to complete a sale to JetBlue Airways , but in March the two sides called off the deal because of regulatory opposition. The termination left Spirit with the unenviable task of flying alone into some significant headwinds, including schedule disruptions caused by issues with RTX engines. On Monday, Spirit said it expects to recoup between $150 million and $200 million from RTX in damages over the engine issues, cash that will help improve the airline's liquidity. However, the accounting of those payments will temporarily depress margins and slightly affect quarterly results. Spirit said it now expects to post a first-quarter negative adjusted operating margin of betwe Show less Read more
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