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Search resuls for: "Spirit Airlines"


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☆ American Airlines, JetBlue alliance will harm travelers, U.S. argues
  + stars: | 2022-11-18 | by ( David Shepardson | ) www.reuters.com   time to read: +2 min
[1/2] Robin Hayes, CEO of Jet Blue, arrives at the federal courthouse to testify in an antitrust lawsuit seeking to unwind the "Northeast Alliance" partnership between American Airlines and JetBlue Airways Corp, in Boston, Massachusetts, U.S. September 27, 2022. REUTERS/Brian Snyder/File PhotoNov 18 (Reuters) - Lawyers for the U.S. Justice Department said American Airlines Group's (AAL.O) alliance with JetBlue Airways Corp (JBLU.O) would harm travelers while the airlines pushed back during closing arguments on Friday in the government's bid to dissolve the partnership. Through the alliance, the airlines coordinate flights and pool revenue to the detriment of travelers, said the department, arguing consumers face nearly $700 million in extra annual costs. Justice Department lawyer Bill Jones argued the alliance gives the airlines incentives to raise prices and that they are no longer competing. Lawyers for JetBlue and American argued the alliance, which was announced in 2020, has not raised air fares or resulted in flight cuts.
☆ JetBlue plans Paris flights next summer in trans-Atlantic expansion
  + stars: | 2022-11-16 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +1 min
Jetblue Airways Corp. is scheduled to release earnings figures on July 25. Photographer: Mark Kauzlarich/Bloomberg via Getty ImagesJetBlue Airways plans to launch flights from New York to Paris next summer, a trans-Atlantic expansion it argues will bring down prices on routes dominated by large carriers. Tickets will go on sale "in the coming months" for flights between its hub at New York's John F. Kennedy International Airport and Paris' Charles de Gaulle Airport, JetBlue said Wednesday. It plans to add flights from Boston to Paris later. JetBlue began flights to London from New York in summer 2021, more than two years after it first announced its plans.
☆ JetBlue is launching service to Paris from JFK and Boston
  + stars: | 2022-11-16 | by ( Brady Macdonald | ) www.businessinsider.com   time to read: +2 min
JetBlue looks to disrupt United, Delta, and American with the expanded European service. New European routes from JetBlue, United, and Delta tap into pent-up demand for overseas travel. Non-stop service between Boston Logan International Airport and CDG will be added at a later date. The move effectively doubles JetBlue's transatlantic presence following the 2021 launch of service to London from New York and Boston. In pre-pandemic 2019, the lucrative transatlantic travel market accounted for 11% to 17% of passenger revenues at United, Delta, and American airlines, according to Reuters.
☆ Spirit is dropping 37 routes from its network in a significant adjustment that targets Florida — see the full list
  + stars: | 2022-11-14 | by ( Taylor Rains | ) www.businessinsider.com   time to read: +3 min
Spirit Airlines has temporarily cut 37 routes from its network starting in January. The airline is calling the cuts temporary, with plans to restore many of them in 2023. Starting in January, the low-cost carrier will nix 37 routes from its map, including destinations in the US and abroad, according to Cirium data. Although Spirit is pulling some routes from Florida, Spirit EVP and CCO Matthew Klein said in the earnings call that "while we are seeing the constraints on our Florida network, we are able to reallocate that to other parts of the country." Here is the full list of Spirit's 37 temporarily dropped routes:
☆ Allegiant and Spirit among the worst airlines in the world, behind only one other carrier, according to a new study
  + stars: | 2022-11-10 | by ( Brady Macdonald | ) www.businessinsider.com   time to read: 1 min
After years of battling it out for the title of Worst Airline in America, Spirit and Allegiant now find themselves near the top of an even more dishonorable list: Worst Airline in the World. Spirit Airlines aircraft. Carlos Yudica/Shutterstock
☆ Tropical Storm Nicole snarls travel in Florida, Orlando airport to suspend flights
  + stars: | 2022-11-09 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +1 min
This GOES-East GoeColor satellite image taken at 2:36 p.m. EST and provided by NOAA shows Tropical Storm Nicole approaching toward the northwestern Bahamas and Florida's Atlantic coastline on Tuesday, Nov. 8, 2022. Tropical Storm Nicole snarled Florida travel on Wednesday, prompting at least one airport to suspend operations as forecasters warned of "hurricane conditions" for the state's east coast. Orlando International Airport said it would suspend operations from 4 p.m. Miramar, Florida-based Spirit Airlines , said it would waive change fees and fare differences for Fort Lauderdale and Miami flights through Nov. 14 and Orlando flights through Nov. 16. Other airlines including JetBlue , which has a large operation in Fort Lauderdale, and Southwest , American and Delta, also waived fees for travelers affected by the storm.
☆ JetBlue, Spirit Airlines inch closer to forming fifth-largest U.S. carrier
  + stars: | 2022-10-19 | by ( Makiko Yamazaki | ) www.reuters.com   time to read: 1 min
Spirit Airlines and jetBlue Airways logos in this illustration taken, June 21, 2022. REUTERS/Dado Ruvic/IllustrationsOct 19 (Reuters) - Shareholders of U.S. carrier Spirit Airlines Inc (<SAVE.N>) voted in favor of JetBlue Airways Corp's (<JBLU.O>) $3.8 billion takeover offer, but face an uphill struggle getting regulators to approve their combination. read moreBelow are the key events of the takeover saga:Register now for FREE unlimited access to Reuters.com RegisterReporting by Nathan Gomes and Kannaki Deka in Bengaluru; Editing by Shounak Dasgupta, Anil D'Silva and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
☆ Spirit shareholders approve takeover by JetBlue after a long battle for discount airline
  + stars: | 2022-10-19 | by ( Leslie Josephs | ) www.nbcnews.com   time to read: +1 min
Spirit Airlines shareholders have approved a takeover by JetBlue Airways after a six-month battle to create the country’s fifth-largest carrier, a deal that now faces a high hurdle with federal regulators. Spirit announced the results of the vote after a special shareholder meeting on Wednesday. In April, JetBlue made a $3.8 billion all-cash offer for Spirit, derailing Spirit’s plan for a cash-and-stock deal to merge with Frontier Airlines. The airlines now must convince federal regulators that that agreement won’t harm competition and drive up fares for consumers, a major hurdle in getting the takeover approved. If the takeover is approved, JetBlue plans to do away with the Spirit brand, known for its ultra-low airfares and bare-bones service with fees for add-ons like carry-on bags.
☆ Spirit Airlines Investors Sign Off on JetBlue Merger
  + stars: | 2022-10-19 | by ( Alison Sider | ) www.wsj.com   time to read: 1 min
Spirit Airlines shareholders voted to approve the airline’s merger with JetBlue Airways at a meeting Wednesday, a step toward creating the fifth-largest U.S. airline following a monthslong battle over the budget carrier. Spirit agreed in July to sell itself to JetBlue in a $3.8 billion deal that the airlines have said would reshape the industry and help fulfill JetBlue’s long-held growth ambitions. But the deal is likely to face scrutiny from antitrust authorities who have been pushing back on corporate mergers.
☆ Low-cost airline Breeze is launching 19 new routes next year from $29 one-way as it beefs up its leisure network — see the full list
  + stars: | 2022-10-19 | by ( Taylor Rains | ) www.businessinsider.com   time to read: +10 min
Fares start at $99 one-way and will be a one-stop, no-plane change BreezeThru via Charleston or Richmond, depending on the day. Fares start at $99 one-way and will be a one-stop, no-plane change BreezeThru via Las Vegas. Fares start at $69 one-way and will be a one-stop, no-plane change BreezeThru via Orlando. Fares start at $29 one-way. Fares start at $89 one-way and be a one-stop, no-plane change BreezeThru via White Plains.
☆ Why the 'Amazonification' of startups isn't always a good thing
  + stars: | 2022-10-19 | by ( Jordan Parker Erb | ) www.businessinsider.com   time to read: +5 min
Plus, we've got news on actual robots, who are threatening to pit humans against machines. That's not always a good thing. Companies love to hire Amazon alumni who inject their firms with Jeff Bezos' metrics-focused style. Amazon-trained leaders (sometimes known as "Jeff Bots") have founded more than 650 startups, and swaths have joined the industry's top C-suites, contributing to the "Amazonification" of said firms. Now, humans need to determine how to synchronize our labor with the souls of new machines — before things get out of hand.
☆ Spirit shareholders approve takeover by JetBlue after long battle for discount airline
  + stars: | 2022-10-19 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +2 min
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty Images)Spirit Airlines shareholders have approved a takeover by JetBlue Airways after a six-month battle to create the country's fifth-largest carrier, a deal that now faces a high hurdle with federal regulators. In April, JetBlue made a $3.8 billion all-cash offer for Spirit, derailing Spirit's plan for a cash-and-stock deal to merge with Frontier Airlines . If the takeover is approved, JetBlue plans to do away with the Spirit brand, known for its ultra-low airfares and bare-bones service with fees for add-ons like carry-on bags. "This is an important step forward on our path to closing a combination that will create the most compelling national low-fare challenger to the dominant U.S. carriers," Spirit Airlines CEO Ted Christie said in a release.
☆ Spirit Airlines shareholders vote in favor of $3.8 bln JetBlue merger
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +1 min
Airplane model is placed on displayed Spirit Airlines and jetBlue Airways logos in this illustration taken, June 21, 2022. REUTERS/Dado Ruvic/IllustrationsOct 19 (Reuters) - Shareholders of U.S. carrier Spirit Airlines Inc (SAVE.N) on Wednesday voted in favor of JetBlue Airways Corp's (JBLU.O) $3.8 billion takeover offer, moving the companies closer to creating the nation's fifth-largest carrier. Spirit and JetBlue expect to conclude the regulatory process and close the deal no later than the first half of 2024. However, New York-based Spirit in July sided with JetBlue's revised offer, a day after terminating its $2.7 billion merger deal with Frontier. read more read moreSpirit's shares were up 0.7% in morning trade on Wednesday.
☆ Hurricane Ian: What to do if your flight is canceled or if you want to change your booking
  + stars: | 2022-09-28 | by ( Taylor Rains | ) www.businessinsider.com   time to read: +7 min
Hurricane Ian made landfall as a Category 4 storm near Fort Myers, Florida, on Wednesday. Here is what you can do if you want to change your flight, or if your flight is canceled. If your flight is canceled, then the airline must provide a full refund. According to FlightAware data, nearly 1,850 flights originating from or flying to Orlando, Tampa, Fort Lauderdale, Miami, or Fort Myers have been canceled as of 5:30 pm on Wednesday. Customer service: (800) 435-9792Sun Country Airlines: Customers traveling to, from, or through the Florida cities of Fort Myers, Orlando, or Tampa from September 25-30 can rebook their flight once for free.
☆ U.S. challenges American-JetBlue alliance as antitrust trial begins
  + stars: | 2022-09-27 | by ( Nate Raymond David Shepardson Diane Bartz | Nate Raymond | David Shepardson | ) www.reuters.com   time to read: +3 min
At the start of a three-week trial in Boston, Justice Department attorney William Jones said the Northeast Alliance, unveiled in July 2020, is a "de facto merger" of American and JetBlue's operations in Boston and New York. Hayes acknowledged that he had been critical of previous joint ventures similar to the Northeast Alliance. The trial started after a week in which U.S. judges ruled against the government in two antitrust fights: sugar and insurance. JetBlue is pursuing a $3.8 billion acquisition of low-cost rival Spirit Airlines (SAVE.N), subject to antitrust review. Hayes has said that no matter how the fight over the Northeast Alliance ends, it would be good for JetBlue's effort to buy Spirit.
☆ Justice Department's fight with JetBlue and American Airlines heads to court
  + stars: | 2022-09-27 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +4 min
An American Airlines plane lands on a runway near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. The Justice Department heads to court in Boston on Tuesday in hopes of undoing a year-and-a-half-old pact between American Airlines and JetBlue Airways in the Northeast U.S. Last September, the Justice Department along with the attorneys general of six states and the District of Columbia sued to block the partnership, which was approved in the final days of the Trump administration. The antitrust trial will be a test for President Joe Biden's Justice Department, which has been tasked with taking a hard stance against threats to competition. Earlier this month, a federal judge denied the Justice Department's bid to block UnitedHealth's acquisition of Change Healthcare.
☆ JetBlue ground operations workers seek union vote, major labor group says
  + stars: | 2022-09-23 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +1 min
A major airline union said Friday that it has enough support among JetBlue Airways' roughly 3,000 fleet service staff to seek a unionization vote, in the latest move to organize workers. The International Association of Machinists and Aerospace Workers said it will file an application for a union vote with the National Mediation Board. A vote could create the third major work group at the New York-based airline to unionize. "The IAM has sufficient interest among JetBlue Fleet Service workers to conduct a union representation election," the union said in a statement. Most major airline workers are already largely represented by unions, though some carriers like JetBlue are less so than some competitors.
☆ Flight attendants union blasts Spirit Airlines' pay proposal as insulting, says workers would make 'far below' JetBlue
  + stars: | 2022-09-19 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +4 min
Spirit Airlines' flight attendants union is currently in contract negotiations. In April, Spirit flight attendants around the US picketed after the airline canceled flights. Spirit Airlines flight attendants in Orlando, Dallas, and Las Vegas picketed in April after the airline cancelled over 30% of its flights because of weather, which left flight attendants stranded. The flight attendants union and Spirit Airlines management will be back in negotiations on September 27. "Spirit Flight Attendants have been through it over the last several years," Spirit AFA president Jason Kachenmeister told Insider in a statement.
☆ How much are credit card rewards, airline miles, and hotel points worth? See our updated valuations for 2022
  + stars: | 2022-08-19 | by ( Peter Rothbart | Jasmin Baron | Freelance Writer | ) www.businessinsider.com   time to read: +80 min
What are credit card and bank rewards points worth? One great feature of the program is that all points are equal, so any account that earns Membership Rewards points has access to transfer partners. If you're a Bank of America Preferred Rewards customer, you'll earn 25% to 75% more points, depending on how much you have on deposit, but your rewards points are still worth 1 cent apiece. However, those miles expire after 36 months regardless of your account activity, so only transfer miles when you have immediate plans to redeem them. Non-elite members may transfer points to other members with the same address, provided both parties have been members for at least one year.
☆ Spirit Airlines posts loss on surge in costs, expects Florida challenges to continue
  + stars: | 2022-08-09 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +2 min
Spirit Airlines reported a second-quarter loss as strong travel demand and higher fares weren't enough to overcome a surge in costs. Spirit reported results less than two weeks after it announced it agreed to sell itself to JetBlue Airways for $3.8 billion, ending a monthslong bidding war for Spirit between JetBlue and Frontier Airlines. Miramar, Florida-based Spirit posted a net loss of $52.4 million for the three months ended June 30. In the current quarter, Spirit expects pretax margins between negative 1% and positive 1%, citing capacity constraints in Florida. Still, Spirit said it expanded flying almost 10% in the second quarter compared with the same period of 2019.
☆ JetBlue shares tumble as costs push it to a loss despite profit forecast on higher fares
  + stars: | 2022-08-02 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +2 min
JetBlue Airways shares tumbled more than 6% Tuesday after a surge in costs drove it to another quarterly loss just as it plans its takeover of Spirit Airlines. Despite the loss, JetBlue said it expects to return to its first profit since the Covid pandemic began this quarter and that it would remain cautious on growth while costs surge. Excluding fuel, JetBlue forecast unit costs to be up 15% to 17% over 2019. Airfares have cooled slightly as the peak summer travel season fades but JetBlue said "early bookings keep us cautiously optimistic about the fall." JetBlue last week announced it had finally reached a deal to acquire ultra-low-cost carrier Spirit Airlines for $3.8 billion in cash after a long bidding war with discounter Frontier Airlines.
☆ From legroom to airfare: How JetBlue's takeover of Spirit could change air travel
  + stars: | 2022-07-30 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +5 min
In this article JBLUSAVEPassengers wait in line at the Spirit Airlines check-in counter at Orlando International Airport. This is the first time anyone wanted Spirit Airlines," quipped "The Late Show" host Stephen Colbert about the deal on Thursday. As the two distinct airlines push ahead with their plans to combine, here's what passengers can expect:What are JetBlue's plans for Spirit? Afterward, passengers might be confused if they're flying in Spirit planes that haven't been retrofitted yet. Frontier Airlines, meanwhile, is already saying it's happy to take on a bigger share of the ultra-low-cost market after its Spirit deal fell apart.
☆ JetBlue won the battle for Spirit. Now it has to win over Biden's Justice Department
  + stars: | 2022-07-28 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +4 min
JetBlue Airways finally won over Spirit Airlines with a $3.8 billion takeover deal . JetBlue Airlines and Spirit Airlines are seen on the departure board in the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. President Joe Biden's Justice Department has vowed to challenge out any deals that could harm competition. The Justice Department didn't immediately respond to a request for comment but the agency's antitrust chief, Jonathan Kanter, has promised a hard stance against anti-competition. Without that, "there would be a public perception that [the Justice Department] just caved," he said.
☆ JetBlue to buy Spirit for $3.8 billion in push to become the fifth-largest US carrier
  + stars: | 2022-07-28 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +3 min
In this article ULCCJBLUSAVEwatch nowJetBlue Airways has reached a $3.8 billion deal to buy Spirit Airlines in a takeover that would create the country's fifth-largest airline and remove a fast-growing budget carrier from the market. Spirit lacked the shareholder support to win approval of the Frontier merger, which was first unveiled in February. If approved by regulators, JetBlue's takeover of Spirit would leave Frontier as the largest discount carrier in the U.S. It would also be the first major U.S. airline deal since 2016, when Alaska Airlines beat out JetBlue for Virgin America. A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022.
☆ Uber, Lyft and Disney end mask mandates as COVID cases fall
  + stars: | 2022-04-19 | by ( Boies | Hausfeld Among Law Firms Reaping | Mln Windfall In Blue Cross Antitrust Case | ) www.reuters.com   time to read: +2 min
REUTERS/Tina Bellon/File PhotoApril 19 (Reuters) - Uber Technologies (UBER.N) and Lyft Inc (LYFT.O) have scrapped face mask mandates for their riders and drivers in the United States, the ride-hailing companies said on Tuesday, as COVID cases have fallen sharply from their January peak. Walt Disney Co (DIS.N) also said that wearing masks would be optional for fully vaccinated visitors at its indoor and outdoor locations and transport facilities. The company in November resumed shared rides, which had been suspended due to rising COVID cases. read moreAllegiant Travel Co (ALGT.O), Hawaiian Holdings Inc (HA.O), Spirit Airlines (SAVE.N) and Frontier Group Holdings Inc (ULCC.O) also lifted their mask mandates on Tuesday. Major carriers including American Airlines (AAL.O), United Airlines (UAL.O) and Delta Air Lines (DAL.N) relaxed curbs following the announcement.
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