Spirit Airlines shareholders voted Wednesday to approve a merger with rival JetBlue Airways, a deal that would create the nation's fifth-largest carrier but one that will face scrutiny from federal regulators.
People Also Ask
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.
Institutional investors own Jet Blue.Robin Hayes took over as the company President in 2014 and then, nearly a year later, assumed the role of the Chief Executive Officer (CEO). Robin Hayes has the top individual ownership of the airline's shares, owning more than 823,000 shares.
Largest shareholders include BlackRock Inc., Vanguard Group Inc, Dimensional Fund Advisors Lp, State Street Corp, Donald Smith & Co., Inc., VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, IJH - iShares Core S&P Mid-Cap ETF, Wellington Management Group Llp, NAESX - Vanguard Small-Cap Index Fund Investor ...
The JetBlue-American Airlines Partnership Is Ending. The airlines' Northeast Alliance is no more after a federal judge finds that the partnership hinders competition.
Low-cost carrier JetBlue Airlines (JBLU) on Monday agreed to sell off Spirt Airlines' (SAVE) assets at Newark Liberty and Boston Logan airports, as the airline seeks to win regulators' approval for a merger with Spirit.
The proposed merger of JetBlue Airways and Spirit Airlines has been one of the travel industry's most watched developments over the past year and a half, with the two carriers aiming to create the U.S.' fifth largest domestic airline.
In some sense, Spirit's bad reputation is not without merit. The airline is rightly criticized for its misleading fee system, which shows you a low price — called a “bare fare” — but has a substantial catch: The price you see frequently includes only a small personal item and the flight ticket.
Choosing between Spirit vs JetBlue for your next flight? The quick answer is that Spirit is an ultra-low-cost airline with limited comforts and questionable customer service. JetBlue is a low-cost airline known for its quality in customer service and comfortable cabins.
DOJ sues to block JetBlue from buying Spirit Airlines The Biden administration sued on Tuesday to block the $3.8 billion purchase, saying the deal would reduce competition and drive up air fares for consumers.