The Biden administration sued to block JetBlue Airways’ $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers. The Justice Department said the tie-up would especially hurt cost-conscious travelers who depend on Spirit to find cheaper options than they can find on JetBlue and […]
Spirit Airlines shareholders voted Wednesday to accept a $3.8 billion buyout from JetBlue Airways, but the deal could still face a challenge from federal antitrust regulators. JetBlue emerged as the winner in a bidding war with Frontier to acquire Spirit, the nation’s biggest budget airline. Spirit announced the outcome after a brief meeting, which was […]
JetBlue has struck a deal to buy Spirit Airlines in a transaction valued at $3.8 billion, the two companies said in a joint statement, laying the foundation for the creation of a low-fare challenger to the dominant big four U.S. airlines. JetBlue Airways Corporation and Spirit Airlines, Inc., announced on July 28 that their boards have […]
The Federal Reserve is detailing how it’s going to tighten monetary policy. How would it impact the economy? China is seeking to increase oil production by investing billions of dollars, and it wants to be more energy independent. Can Beijing do it? JetBlue is trying to win a bidding war with Frontier to buy Spirit. What’s […]
The Federal Reserve is detailing how it’s going to tighten monetary policy. How would it impact the economy? China is seeking to increase oil production by investing billions of dollars, and it wants to be more energy independent. Can Beijing do it? JetBlue is trying to win a bidding war with Frontier to buy Spirit. What’s […]
More U.S. air carriers—American Airlines, Alaska Airlines, and JetBlue—have announced they will be requiring employees to be vaccinated against COVID-19. The move comes as the Biden administration has ramped up pressure on airlines to require vaccines as part of a broader strategy to boost inoculation rates in the country. President Joe Biden signed an executive […]
JetBlue Airways Corp started transatlantic flights between New York and London on Wednesday, planning to grab market share with low fares and drive a recovery on what is usually one of the world’s busiest and most lucrative international routes. Transatlantic travel remains partially shut as the United States is still not allowing most travelers from […]
The days of airlines blocking seats on flights during the pandemic are coming closer to an end. JetBlue is the latest to indicate it is rethinking the issue. A spokesman for the carrier said Thursday that JetBlue will reduce the number of seats it blocks after Dec. 1 to accommodate families traveling together over the […]
