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0 0.000946073793755893 0.00283822138126785 0 -0.00853358561967828 -0.0264900662251655 -0.0120908230842005 -0.0122989593188268
Stock impact report

Why Spirit's crisis benefits Frontier and JetBlue [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
According to JPMorgan analyst Jamie Baker, if gas prices hit $4.60 a gallon, Spirit could face $360 million in additional expenses. That figure exceeds the airline's total year-end cash balance of $337 million. The result could be liquidation. CNBC reported that a shutdown could come as soon as this week. To stave it off, Spirit has reportedly offered the US government an equity stake in exchange for emergency funding. The Wall Street Journal reported that the carrier may be close to a $500 million rescue package from the Trump administration. “Spirit's in a tough spot,” SDT Capital Advisors president Steve Trent told Yahoo Finance. Wall Street is already reacting. Earlier this week, President Trump claimed he'd “love somebody to buy Spirit,” prompting the stock to jump 100%. Spirit stock then catapulted over 600% just a day later as investors bet that a federal lifeline could open the door to a merger. However, the volatility remains extreme, as shares have dropped over 80% in Show less Read more
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