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Rapid increases in airfares are hurting airline stocks on Thursday, with particular impact on low-cost carriers. The latest CPI print added to concerns that inflation is showing no signs of abating. For airfares, this concern was especially elevated. For the month of April, fares rose 1...
Airline fares accelerated in April with a 33.3% gain from a year ago on an unadjusted basis and a 18.6% jump from a month ago on an adjusted basis. The 18.6% M/M jump in April followed a 10.7% jump in March and 5.2% increase in February as higher jet fuel prices and other inflation pressures ...
JetBlue (Nasdaq: JBLU), New York’s Hometown Airline®, today announces the appointment of Al Spencer as the carrier's new vice president, controller. Spencer joins JetBlue today and will oversee the company's corporate accounting, tax, payroll, accounts payable and fraud, and...
Two of the three new deals announced last week were potential deals in the works. Black Knight entered into a definitive agreement to be acquired by Intercontinental Exchange in a deal valued at $13.1 billion. Welltower made a nearly $5 billion all-cash bid for Healthcare Realty T...
Frontier Airlines' aggressive capacity expansion brought it at capacity levels exceeding pre-pandemic levels. Spirit Airlines has delayed capacity expansions. Non-ticket revenues are strong but currently partially offset inflationary pressures and other higher cost components, mak...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Fed calm The Federal Reserve struck a more balanced tone that ignited a relief rally in stocks and bonds yesterday, assuaging fears that even bigger rate h...
Spirit Airlines Inc. ( NYSE: SAVE ) said on Monday that it has turned down a $3.6B cash takeover offer from JetBlue Airways Corp ( NASDAQ: JBLU ), claiming that the deal is unlikely to be finalized, and it will instead combine with competitor low-cost airline Fronti...
The CDC is recommending that everyone 2 years of age and older on public transportation -- including airplanes -- wear a mask. The recommendation follows a federal judge's decision in April that the Biden administration's mask mandate was unlawful. The CDC said it was making the recommen...
JetBlue Airways (NASDAQ: JBLU) surprised investors with a hostile bid for a rival early in April, then surprised them again later in the month with a tepid growth forecast. It all added up to a miserable month for the stock, with shares losing 26.4% of their value, according to data...
Spirit Airlines (NYSE:SAVE) took a nosedive on Monday after rejecting JetBlue’s (JBLU) upgraded offer to takeover the low-cost carrier. Shares sank over 9% on the news that the new offer of $33 cash per share, along with a number of deal-sweeteners, would be rebuffed. Instead, Spirit A...
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JetBlue Airways (Nasdaq:JBLU) today announced the appointment of Jamie Perry as president of the airline’s JetBlue Travel Products subsidiary. Perry will lead the growth of the JetBlue Vacations brand and other non-air travel products including Paisly, JetBlue’s homegrown travel web...
JetBlue signs supply agreement for Blended Sustainable Aviation Fuel (SAF) to supply John F. Kennedy International Airport (JFK) to begin as early as fourth quarter 2024 JetBlue invites other New York businesses to help scale the SAF market in the region Today JetBlue (Nasdaq:...
2024-07-30 14:30:15 ET Image source: The Motley Fool. JetBlue Airways (NASDAQ: JBLU) Q2 2024 Earnings Call Jul 30, 2024 , 10:00 a.m. ET Operator Continue reading For further details see: JetBlue Airways (JBLU) Q2 2024 Earnings Call Transcript