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☆ JetBlue founder and low-cost airline veteran explains how struggling airlines need to adapt to survive right now
▼ + stars: | 2024-10-30 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Budget airlines like Spirit, Frontier, and Southwest are struggling to turn a profit. Low-cost veteran David Neeleman told BI that Spirit and Frontier should merge to survive. The still-in-service airlines Neeleman founded, like JetBlue Airways, Azul Brazilian Airlines, Canada's WestJet, and Breeze Airways, largely follow this idea. Historically, these strategies have been absent from the likes of Spirit, Frontier, and Southwest, which have stuck to all-economy aircraft with little choice. Southwest Airlines boats an open-seating policy where seats are first-co,me first-serve.

Persons: David Neeleman, —, David Neeleman —, Thomas Pallini, haven't, Neeleman, that's, Barry Biffle, They're, we've, WestJet, Scott Kirby, doesn't, Kevin Carter, Breeze Organizations: Service, JetBlue —, Breeze Airways, Alaska Airlines, Hawaiian Airlines, Street, Frontier, Neeleman, JetBlue Airways, Azul Brazilian Airlines, JetBlue, Southwest Airlines, Morris Air, Spirit, Airbus Locations: Southwest, Frontier, Breeze

☆ Stocks making the biggest moves midday: VF Corporation, Pfizer, F5, JetBlue and more
▼ + stars: | 2024-10-29 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

Check out the companies making headlines in midday trading: VF Corporation — Shares jumped more than 22%. VF Corporation posted adjusted earnings of 60 cents per share on revenue of $2.76 billion. That is above the 37 cents per share in earnings and $2.71 billion in revenue that analysts surveyed by LSEG were expecting. The firm also upped the midpoint of its non-GAAP earnings per share forecast for the full year. F5 posted adjusted earnings of $3.67 per share and revenue of $747 million in the fiscal fourth quarter.

Persons: LSEG, Jim Conroy, Trex, FactSet, Xerox, Horton, Corning, — CNBC's Pia Singh, Michelle Fox, Samantha Subin, Sean Conlon, Alex Harring Organizations: —, Cadence, BP — U.S, BP, Pfizer, JetBlue Airways —, JetBlue, LSEG, Xerox, FactSet, PayPal, Caribbean, Ford Locations: Corning

☆ JetBlue's full-year revenue forecast misses estimates, shares fall
▼ + stars: | 2024-10-29 | by ( ) www.cnbc.com time to read: +2 min

JetBlue Airways forecast a bigger-than-expected fall in 2024 revenue amid a moderation in domestic travel demand ahead of the upcoming U.S. elections, sending its shares down 4.5% before the bell on Tuesday. Election-related uncertainty is expected to weigh on travel demand as consumers prefer to be home and hold off on major discretionary spending. The New York-based carrier expects its 2024 revenue to fall between 4% and 5%, compared with analysts' average expectation of a 3.6% fall, according to data compiled by LSEG. JetBlue, however, managed to report a smaller-than-expected third-quarter loss on Tuesday, owing to improved demand and pricing in the quarter. The airline reported an adjusted loss of 16 cents per share, compared with estimates of a 25 cents loss.

Persons: Milton, LSEG Organizations: Jet Blue, Airbus, JFK International, JetBlue Airways, JetBlue, Pratt, Spirit Airlines Locations: New York, Florida, The New York, U.S

☆ I got a free upgrade to an $11,500 seat in British Airways' business class. It was great, but one thing could've made it even better.
▼ + stars: | 2024-10-26 | by ( Emma Kershaw | ) www.businessinsider.com time to read: +1 min

I booked a $720 round-trip economy ticket from Seattle to Manchester with British Airways. On my way back to the US, I received a surprise upgrade to business class. So, when I was upgraded to business class on a British Airways flight this past summer, I was absolutely delighted. British Airways, which has seen a decrease in popularity in recent years, is spending $9 billion over the next two years to upgrade its planes, customer perks, and other aspects of its business model. AdvertisementHere's what my 10-hour flight in British Airways' business class was like.

Persons: —, Brit Organizations: British Airways, Service Locations: Seattle, Manchester, England, London

☆ I saw how New York's biggest airport wants to build a 5-star terminal. I'd actually look forward to flying through.
▼ + stars: | 2024-10-26 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

AdvertisementJohn F. Kennedy International Airport broke ground on a new Terminal One in September 2022. A private consortium is investing $9.5 billion to modernize the new terminal, focusing on safety, efficiency, and the customer experience. New Terminal OneDevelopers hope the future state-of-the-art terminal will become a Skytrax five-star airport terminal — a feat no US airport had achieved until New York's LaGuardia Airport finally ditched its infamous "LaGarbage" nickname with a new and improved Terminal B in 2023. This includes facial recognition boarding, AI-powered gate systems, and air traffic technology to reduce the chance of near misses. If the technology works as promised, I'd look forward to flying through.

Persons: John F, SITA's, Taylor Rains, Taha Zahir, LaGuardia, Zahir Organizations: Kennedy International Airport, Port Authority of New, JFK, Phillippines Airlines, Air, New, Department of Transportation, Business, JFK's, BI, British Airways, Flyers, TSA, Changi Airport, Korean, ADB Locations: York, Port Authority of New York, North America, Air France, Long, London, Changi, NYC's, LaGuardia, Los Angeles

☆ I tried Elon Musk's Starlink WiFi on its first Qatar Airways flight. Making video calls at 36,000 feet is a game changer for business and leisure.
▼ + stars: | 2024-10-26 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

I was on board Qatar Airways' first flight featuring Elon Musk's Starlink internet. AdvertisementQatar Airways launched its first flight featuring Elon Musk's Starlink WiFi on Tuesday — and Business Insider was invited to the event. I was flying in the QSuite business class for this media event, but Starlink WiFi is free for passengers in every cabin. By contrast, the Starlink WiFi was as high as 215 megabits — faster than most home internet speeds. Crucially, there's almost no downtime as Starlink operates gate-to-gate, while standard inflight WiFi is only activated at cruising altitude.

Persons: Elon Musk's, —, Elon, Starlink cupcakes, Pete Syme, Tom Boon, Thom, laud Organizations: Qatar Airways, Service, Business, Doha's Hamad International Airport, Skytrax, Airlines, United Airlines, Air Locations: Doha's, Qatar, London, Europe, Instagram, Air France, Persian

☆ Spirit Airlines stock jumps 25% after struggling budget carrier said it will sell planes, cut jobs
▼ + stars: | 2024-10-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Spirit Airlines shares surged after the struggling budget carrier said it would cut jobs and sell aircraft. That sale will bring in $519 million, Spirit said in a securities filing. Earlier this week, The Wall Street Journal reported that Spirit and Frontier Airlines have revived merger discussions, sending shares higher. The two budget airlines had a merger agreement that was derailed by JetBlue 's April 2022 offer to purchase Spirit outright.

Persons: Spirit, didn't Organizations: Austin, Bergstrom International Airport, Austin , Texas . Spirit Airlines, Airbus, Pratt & Whitney, JetBlue Airways, Street Journal, Frontier Airlines, JetBlue Locations: Austin , Texas

☆ Airlines are doubling down on premium seats. So far, it's paying off
▼ + stars: | 2024-10-24 | by ( Taylor Rains | Benjamin Zhang | ) www.businessinsider.com time to read: +4 min

Airlines are doubling down on high-margin premium cabins and even expanding them on new planes. American Airlines on Thursday reported an 8% increase in premium revenue in the third quarter compared with the prior year. Its rivals Delta Air Lines and United Airlines reported similar premium revenue growth in the quarter, at 4% and 5%. Courtesy of Delta Air LinesLeaning more into premium seats could fill that financial void. United Airlines' Polaris business class.

Persons: —, Andrew Nocella, American's, Vasu Raja, Robert Isom, haven't Organizations: United, Service, American Airlines, Delta Air Lines, United Airlines, Airlines, Suite, American Airlines Delta, Boeing, Airbus, stoke, United Airlines ' Polaris, Frontier Airlines, Spirit Airlines, Spirit, JetBlue Airways, Southwest Airlines

Qatar Airways Group CEO Badr Al Meer (center) and Qatar Tourism Chairman Saad bin Ali Al Kharji (left) speak with Elon Musk (right) via Starlink on board the flight. Qatar Airways launched Tuesday its inaugural Boeing 777 flight equipped with Elon Musk's Starlink internet, paving the way for a new era of in-flight connectivity across its entire fleet by next year. To demonstrate the milestone, Qatar Airways CEO Badr Al Meer held a video call with Starlink founder Musk while flying at 35,000 feet from Doha to London. Qatar Airways' move to introduce free high-speed internet across its fleet is a direct challenge to competitor airlines who typically offer lower-speed and often patchy paid services, or status-restricted wi-fi access to the flying public. Over time I think you'll find it just gets better and better," Musk said before Al Meer gave him a video tour of the cockpit.

Persons: Badr Al Meer, Saad bin Ali Al Kharji, Elon Musk, Elon Musk's, Musk, We're, Al Meer, Saad bin Ali Al, Kharji Organizations: Qatar Airways Group, Qatar Tourism, Qatar Airways, Boeing, Elon, Qatari, Airbus Locations: Qatar, Starlink, Doha, London, Qatari

☆ Elon Musk joined a video call at 38,000 feet to show off Qatar Airways' new Starlink WiFi
▼ + stars: | 2024-10-22 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Qatar Airways' first flight using Elon Musk's Starlink took off on Tuesday. The SpaceX CEO previously joined a video call with the Qatar CEO, who was on board a test flight. AdvertisementQatar Airways has launched its first flight featuring Elon Musk's Starlink internet. On a previous test flight, Musk joined a video call with Qatar Airways CEO Badr Mohammed Al-Meer. Related stories"It's only going to get better," Musk replied.

Persons: Elon Musk's Starlink, —, Elon Musk's, Musk, Badr Mohammed Al, Meer, Saad bin Ali Al, Skytrax — Organizations: Qatar Airways, Elon, SpaceX, Business, Service, Boeing, London Heathrow, Airbus, Qatar Tourism, Qatar —, Skytrax, Hawaiian Airlines, United Airlines, Air Locations: Qatar, Doha, Al, Air France

☆ Spirit Airlines extends debt refinancing deadline hours before expiration
▼ + stars: | 2024-10-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Spirit Airlines on Friday said it reached an agreement with its credit card processor to again extended a debt refinancing timeline to December, hours before it was set to hit its deadline. Spirit said in a filing late Friday that earlier this week it drew down the entirety of its $300 million revolving credit facility and expects to end the year with just over $1 billion in liquidity. The deadline was previously set in September and had been extended until Oct. 21 before the Friday change. The airline's stock closed at a new low Friday, down roughly 3%, at less than $1.50 per share.

Persons: Spirit, Perella Weinberg Organizations: Spirit Airlines, Austin, Bergstrom International Airport, Pratt & Whitney, JetBlue Airways, Street Journal, Perella Weinberg Partners Locations: Austin , Texas, Miramar , Florida

☆ Why another delay of Boeing's new 777X plane is such a big deal
▼ + stars: | 2024-10-14 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Boeing's 777X, its largest passenger plane, is delayed yet again. AdvertisementBoeing's future is dependent on the upcoming 777X, the world's largest passenger plane in production, which has been delayed once again. Boeing's last completely new widebody plane was the 787 way back in 2003. Qatar and Etihad have ordered 94 and 25 777-9s, respectively, for a collective 324 777X planes across the three airlines. The Boeing 777X's 10-abreast cabin mockup on display at Aircraft Interiors Expo in 2022.

Persons: —, planemaker, Kelly Ortberg, it's, Thiago B Trevisan, Julien de Rosa, ROSLAN RAHMAN, Max —, Max, Georg Wendt, Tim Clark, isn't, Clark, Richard Aboulafia, Aboulafia Organizations: Service, Boeing, British Airways, Emirates, Singapore Airlines, Airbus, Korean Air, Delta Air Lines, Lufthansa, Air New Zealand, Getty, Aviation, Etihad Airways, Etihad, Aircraft, Airlines Locations: Qatar, Emirates, Korean, AFP

☆ Goldman Sachs just refreshed its conviction lists of global stocks, giving 3 over 20% upside
▼ + stars: | 2024-10-14 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Goldman Sachs has refreshed its lists of top global stock picks, adding some and removing others. There have also been plenty of additions to the Directors' Cut, including the following three stocks which Goldman also gives more than 20% upside potential over the next 12 months. Goldman has a 12-month target price of £52 ($68) on the stock, implying nearly 33% potential upside. The bank's analyst Andrew Baker likes that the company is "well positioned for central bank policy rate easing." Goldman has a target price of 7.80 Singapore dollars on the stock, implying 20.4% potential upside.

Persons: Goldman Sachs, Goldman, Experian, Suhasini, Assicurazioni Generali, Andrew Baker, Baker, Keppel, Xuan, Tan, — CNBC's Michael Bloom Organizations: Companies, Qantas Airways, Shell, London Stock Exchange, U.S, Milan Stock Exchange, Keppel, Singapore Exchange Locations: Asia, Europe, Danish, Suhasini Varanasi, Italy, Goldman's Asia, Singapore, U.S

☆ Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
▼ + stars: | 2024-10-13 | by ( Hugh Son | ) www.cnbc.com time to read: +18 min

Former President Donald Trump and Vice President Kamala Harris face off in the ABC presidential debate on Sept. 10, 2024. The previous Trump administration didn't pursue those types of consumer protections. In contrast, Democrats, including Harris, have historically supported EVs and incentives such as those under the Biden administration's signature Inflation Reduction Act. Meanwhile, Harris, if elected, can build on existing efforts of the Biden administration to deliver savings to more patients, they said. Trump also led multiple efforts to repeal the Affordable Care Act, including its expansion of Medicaid to low-income adults.

Persons: Donald Trump, Kamala Harris, he's, Harris, Joe Biden's, Trump, Pete Buttigieg, Jonathan Kletzel, didn't, — Leslie Josephs Banks Big, JPMorgan Chase, Biden, Tobin Marcus, it's, Sen, JD Vance, they're, Lindsey Johnson, Hugh Son, Pablo Di Si, EVs, Joseph Spak, Harris hasn't, Mike Wayland, Drugmakers, Trump hasn't, Mariana Socal, Annika Kim Constantino, David Zaslav, John Malone, Time Warner, Simon, Simon & Schuster, Marc DeBevoise, Jonathan Miller, Elon Musk's, Musk, I'm, MAGA, I'm Dark MAGA, —, TikTok, — Lillian Rizzo, Alex Sherman, Michael Lynn, — Amelia Lucas Organizations: ABC, Getty, U.S, Trump, Treasury, Justice Department, Federal Trade Commission, Consumer Financial, Bureau, CNBC, The Biden Department of Transportation, Democratic, American Airlines, JetBlue Airways, Spirit Airlines, Industry, Boeing, JPMorgan, Securities and Exchange Commission, Currency, Federal Deposit Insurance Corporation, Biden, Wolfe Research, Bank, Republican, Bankers, Democratic Party, Consumer Bankers Association, Republicans, Volkswagen Group of America, Automotive News, Environmental Protection Agency, UBS, Mike Wayland Health, Commonwealth Fund, Medicare, Johns Hopkins Bloomberg School of Public Health, Annika Kim Constantino Media, Paramount Global, Skydance, Warner Bros, Discovery, Allen & Co, Sun, Media, Disney, Fox Corp, Time, Simon &, Random, MGM, FCC, Integrated Media, Twitter, Capitol, White, Lawmakers, Meta's Facebook, Alex Sherman Restaurants, National Restaurant Association, National Labor Relations Board, Social Security, Washington Post, Cornell University Locations: United States, PwC, JetBlue's, U.S, China, Ohio, Michigan, California

☆ I flew on a British Airways A380 in economy and premium economy. Upgrading isn't really worth it.
▼ + stars: | 2024-10-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

I flew with British Airways in both the economy (coach) and premium economy cabins. The upper deck of a BA Airbus A380 means plenty of space, even in economy. I got a good deal for my premium economy ticket, and I don't think I'd pay more for the amenities. I recently flew premium economy in a British Airways World Traveller Plus cabin. By contrast, the popularity of premium economy had me sitting in the middle section.

Persons: — Organizations: British Airways, Airbus, Service

Passengers on a Qantas Airways flight got a surprise and Las Vegas said farewell to an icon. But what were they? Test your knowledge of the week in news and take last week's quiz here.

Persons: Las Vegas Organizations: Qantas Airways

☆ Airfares to this glamorous beach destination just got cheaper
▼ + stars: | 2024-10-12 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

CNN —In travel news this week: fat bears, hungry raccoons, an R-rated flight movie mishap and the best-value air travel destinations for Americans in the year ahead. Top of the list is the Mediterranean resort city of Nice, a much-loved playground for visitors to the French Riviera. Fares to the city fell by 27% in the first half of 2024, compared with the same period the year before. Fares to its capital, Rabat, have dropped by 24%, meaning you’ll have more to spend when you get there. Rounding out the top five is a US domestic destination: Fargo, North Dakota (-24%).

Persons: It’s, Hurricane Helene, Lucia, Alaska’s, Taylor Swift, ” Organizations: CNN, Southeastern, Boeing, Flames, Frontier Airlines, Atlanta’s Hartsfield, Jackson International, Qantas Airways, Spirit Airlines, US Army Locations: Southeastern United States, Hurricane Milton, Hurricane, United States, Nice, Castries, St, Bridgetown, Barbados, Morocco, Rabat, Fargo , North Dakota, Argentina, Washington, Thailand, New York, Bangkok, Sydney, American, Las Vegas, Tokyo, South Korea, Nepal, Canada, Soviet Central Asia

☆ Airlines are building 'business-class-lite' to generate more revenue and increase demand for the luxe seats
▼ + stars: | 2024-10-11 | by ( Taylor Rains | Benjamin Zhang | ) www.businessinsider.com time to read: +5 min

"Business Light" fares are cheaper but can lack perks like lounge access or early seat selection. In recent years, international airlines such as Air France, KLM, Emirates, Finnair, and Qatar Airways have launched discounted "Business Light" tickets. AdvertisementFor airlines, the business light strategy can help further stoke demand to fill the front of the plane and generate additional revenue. Those traveling on a Finnair Business Light ticket will also have to pay extra for checked luggage. AdvertisementScreenshot of Emirates' various business class fares on a one-way flight from New York to Dubai in February.

Persons: —, Glen Hauenstein, Henry Harteveldt, Harteveldt Organizations: Service, Air France, KLM, Qatar Airways, Delta Air Lines, Delta, Qatar Airways's, Emirates Locations: Delta, Emirates, Qatar, New York, Dubai

☆ TikTok star Taylor Rousseau Grigg’s cause of death shared
▼ + stars: | 2024-10-10 | by ( Gina Vivinetto | ) www.nbcnews.com time to read: +3 min

A cause of death has been revealed for Taylor Rousseau Grigg, the TikTok star who died last week at age 25. The family’s update comes five days after her husband, Cameron Grigg, announced his wife’s “sudden and unexpected” death Oct. 5 on Instagram and also in an update on a GoFundMe. Taylor Rousseau Grigg died Oct. 4 after suffering complications from asthma and Addison’s disease, a representative for her family told TODAY.com in a statement. TODAY.com has reached out to Cameron Grigg for comment. A rep from Taylor Rousseau Grigg’s family confirmed she “donated her organs to pediatrics.”

Persons: Taylor Rousseau Grigg, Cameron Grigg, ” Cameron Grigg, TODAY.com, Grigg, hadn’t, “, we’re, ”, Taylor, people’s, she’s, Taylor Rousseau Grigg’s Organizations: Mayo Clinic, Asthma Locations: Instagram

Furthermore, it's the only credit card that allows me to gift airport lounge access to four people for free by adding them as authorized users on my credit card. I Earn 2% Back on Therapy with my Capital One Venture X Rewards Credit CardI primarily use my Capital One Venture X Rewards Credit Card on transactions that don't earn bonus points on another card. Capital One Venture X Annual Fee and Other CostsThe Capital One Venture X Rewards Credit Card charges a $395 annual fee (rates and fees). Capital One Venture X Frequently Asked QuestionsIs the Capital One Venture X worth it? Yes, it's possible to get approved for the Capital One Venture X Rewards Credit Card if you already have the Capital One Venture Rewards Credit Card open.

Persons: I've, cardholder, Miles, Chase, LifeMiles, Smiles, Red, Wyndham, cardholders, Cardholders, I'm, You've, Jasmin Baron, Read, Angela Fung Organizations: Business, Venture, Capital, One, Chase, Five, U.S, American, American Express, Chase Sapphire Reserve, Aeromexico Club, Air Canada, Air France, KLM, Blue, British Airways Executive Club, Cathay, Emirates, Etihad, Qantas Frequent, TAP Air Portugal Miles, Turkish Airlines Miles, Wyndham Rewards, Collection Hotels, Premier, Resorts, Chase Travel, Marriott, TSA, Hertz, Cell, Travel Insurance, One Venture, Mastercard, Chevron, Finance Locations: Taiwan, Cathay Pacific Asia, Singapore, Canada

☆ I'm 65 and I refuse to retire. I work multiple jobs and have at least 15 years of work left in me.
▼ + stars: | 2024-10-09 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

The dad of three juggles consulting, mentoring, working as a TV extra, and wedding registrar. He plans to work until at least 80 and runs "I'm Not Done Yet," a support group for older adults. "There are no good, interesting jobs for those over 60 because you can't get them due to ageism," he told me. I'm mentoring a radio presenter in his 20s for no charge. I set up an online networking group, I'm Not Done Yet, of 100 members who are all over 50.

Persons: Andrew Middleton, —, I've, He'd, It's, I'm Organizations: Service, American Express, British Airways, Business Locations: Southern England, London

☆ Airbus' game-changing A321XLR will enter service soon. These airlines have already announced routes with the new plane, including 3 to the US.
▼ + stars: | 2024-10-08 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Airlines, including Iberia, Wizz Air, and Aer Lingus, have announced their first A321XLR routes. Irish carrier Aer Lingus said in October that it will launch its first A321XLR flight between Dublin and Nashville in April. The eight-and-a-half-hour route is a niche nonstop for the industry, with Aer Lingus as the only operator. Related storiesOther potential A321XLR routesWhile only a handful of A321XLR routes are officially on the books, many previously unserved city pairs could fit the bill, airlines have said. Qantas' list of potential A321XLR routes includes routes like Brisbane to Tokyo, Perth to the Maldives, and Melbourne to Bangkok.

Persons: —, Wizz's, Thomas Pallini, America — Organizations: Airbus, Airlines, Aer Lingus, Service, Airbus A321XLR, Spanish, Iberia, Boston, Washington Dulles, Wizz, London, United, Irish, Nashville, Saudia, Business, JetBlue Airways, JetBlue Airways Airbus, Australia —, Qantas, Jetstar, JetSMART Locations: Iberia, Wizz, Madrid, Washington, London Gatwick, Jeddah, Saudi Arabia, Milan, Abu Dhabi, United Arab Emirates, Dublin, Barcelona, Rome, Brussels, Maldives, Dakar, Senegal, New York, Boston, Los Angeles, San Francisco, Europe, Aer, United, Las Vegas , Houston, Australia, Asia, Brisbane, Tokyo, Perth, Melbourne, Bangkok, South, America, Chile, Miami

☆ Spirit Airlines stock plunges after report it is considering filing for Chapter 11 bankruptcy
▼ + stars: | 2024-10-04 | by ( Lian Kit Wee | Will Martin | ) www.businessinsider.com time to read: +3 min

Spirit Airlines may file for Chapter 11 amid major debts after a failed merger with JetBlue. A report of the potential bankruptcy filing sent Spirit's stock tumbling in premarket trade Friday. AdvertisementSpirit Airlines stock plunged in premarket trading on Friday after a report that it may file for Chapter 11 bankruptcy protection. While Spirit faces a turbulent future with a potential Chapter 11 filing, it isn't necessarily a death sentence for the airline. AdvertisementWhen contacted by Business Insider, Spirit Airlines referred to Christie's comments in August's earnings call but didn't comment further.

Persons: —, Ted Christie Organizations: JetBlue, Service, Spirit Airlines, JetBlue Airways, Street Journal, Scandinavian Airlines, Delta Airlines, Business Locations: Atlanta

☆ Stocks making the biggest moves midday: Rivian, Abercrombie & Fitch, CVS, Spirit Airlines and more
▼ + stars: | 2024-10-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Abercrombie & Fitch - Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. JetBlue shares jumped more than 15% on the news. Summit Therapeutics – The biopharmaceutical company added 2%. Other international shipping stocks saw losses as well, including Danish shipping giant Maersk at 5% . CVS Health — The company's shares added 3.3%.

Persons: Abercrombie &, Matthew Boss, Hollister, Tencent, — CNBC's Sean Conlon, Hakyung Kim, Christina Cheddar, Berk, Lisa Kailai Han Organizations: Abercrombie, Abercrombie & Fitch, JPMorgan, Spirit Airlines, JetBlue Airways —, Wall Street, JetBlue, Vistra, Nvidia, Therapeutics, Drug Administration, Ubisoft Entertainment, Bloomberg News, Ubisoft, SilverCrest Metals, Mining, Zim Integrated Shipping Services —, U.S, dockworkers, United States Maritime Alliance, Maersk, CVS Health, CNBC, CVS

☆ Spirit tumbles to record low on report it's exploring a bankruptcy filing. Here's how it got here
▼ + stars: | 2024-10-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Spirit Airlines shares tumbled to a record low on Friday after a report that it's exploring Chapter 11 bankruptcy protection. A bankruptcy filing would mark a dramatic turn for the carrier with its iconic yellow planes that caters to budget-conscious travelers. After the JetBlue deal fell apart, Spirit said in January that it was looking at options to refinance its debt. A Spirit spokesman declined to comment on a the Wall Street Journal report that the carrier is considering a bankruptcy filing. Shares of Frontier Airlines, which originally planned to merge with fellow budget airline Spirit before JetBlue swooped in in 2022, surged 16% on Friday.

Persons: Spirit, Brandon Oglenski, we've, Ted Christie, we're, Perella Weinberg Organizations: Spirit Airlines, JetBlue Airways, Pratt & Whitney, JetBlue, Barclays, Journal, Perella Weinberg Partners, Frontier Airlines, Spirit, JetBlue swooped

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