Spirit Airlines Shareholders Approve Merger With JetBlue Airways
(RTTNews) - Spirit Airlines, Inc. (SAVE) announced Wednesday that its stockholders approved the merger agreement with JetBlue Airways Corp. (JBLU).
Based on the preliminary voting results provided by the independent inspector of election at the special meeting of stockholders held today, more than 50% of the outstanding shares of Spirit common stock voted in favor of the transaction.
The final voting results of the special meeting, as tabulated by an independent inspector of elections, will be filed on a Form 8-K with the U.S. Securities and Exchange Commission.
The completion of the transaction is subject to customary closing conditions, including receipt of required regulatory approvals. Spirit and JetBlue expect to conclude the regulatory process and close the transaction no later than the first half of 2024.
read more
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...
RTTNews
|
11h 11minuter sedan
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.
RTTNews
|
168 dagar sedan
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.
RTTNews
|
195 dagar sedan
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
RTTNews
|
220 dagar sedan
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.
RTTNews
|
224 dagar sedan
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.
RTTNews
|
243 dagar sedan
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...
RTTNews
|
279 dagar sedan
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.
RTTNews
|
284 dagar sedan
