JetBlue, Allegiant Ink Divestiture Deal In Connection With JetBlue's Combination With Spirit

Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines, Inc., amid struggles with mounting losses and debt, has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. The restructuring is expected to reduce Spirit's debt and provide increased financial flexibility. In an open letter to all Spirit Guests, the company called the process a proactive step to position it...

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Spirit Airlines CFO Scott Haralson To Depart; Names Brian McMenamy Interim CFO

Spirit Airlines (SAVE) announced Monday that Brian McMenamy, Vice President and Controller, has been named as Interim Chief Financial Officer, effective June 14, 2024.

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JetBlue, Etihad Airways Add Loyalty Benefits As Part Of Long-standing Codeshare Partnership

JetBlue Airways Corp. (JBLU), New York's Hometown Airline, and Etihad Airways, the national airline of the United Arab Emirates, announced Tuesday the addition of loyalty benefits starting May 8, 2024, as part of its long-standing codeshare partnership. Under the partnership, members of JetBlue's TrueBlue loyalty program and members of Etihad Guest, the loyalty program of Etihad Airways, will now be able to earn and redeem points in the program of their choice when flying across the network of either airline.

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US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China

Major airlines in the United States, along with its various unions, urged the Biden Administration to pause additional passenger flights between the country and China, citing anti-competitive policies of the Chinese government. Following the news, most of China-based airlines were trading lower on Friday. Air China Ltd shares fell 2.9 percent, while China Eastern Airlines Corp. Ltd. dropped 2.5

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Spirit Inks Deal With Airbus To Defer All 2025-26 Deliveries Of Aircraft Orders By Five Years

Spirit Airlines, Inc. (SAVE) announced Monday it reached an agreement with Airbus SE to defer all aircraft on order that are scheduled to be delivered in the second quarter of 2025 through the end of 2026 to 2030-2031.

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JetBlue To Cut Unprofitable Routes, Cities To Trim Costs

JetBlue Airways has decided to cut many unprofitable routes, including from Los Angeles, and ending services to many cities as part of the carrier's latest efforts to cut costs, reports said citing a memo to staff. The news comes as the loss-making airline is under increased pressure to cut its expenses and return to profitability after projecting weakness in its performance in the new year.

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JetBlue Jumps As Carl Icahn Reports 9.91% Stake

JetBlue Airways Corp.'s shares gained about 16 percent in the extended trading on Monday on Nasdaq after activist investor Carl Icahn reported around 10 percent stake in the airline. In a filing with the U.S. Securities And Exchange Commission, Icahn reported owning 33.62 million shares, representing 9.91 percent stake. JetBlue had around 339.28 million shares of Common Stock outstanding...

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Spirit Airlines Q4 Loss Narrows; Tops Estimates

Spirit Airlines, Inc. (SAVE) reported Wednesday a net loss for the fourth quarter of $183.65 million or $1.68 per share, narrower than $270.66 million or $2.49 per share in the prior-year quarter.

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