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2023-07-13 11:05:34 ET Summary Merger arbitrage spreads are wide. A number of opportunities with spreads from 9% to 135%. Below you'll find a review of the most interesting setups in the merger arbitrage space. Merger arbitrage is an event-driven investment strategy focu...
2023-07-12 08:55:48 ET Airline fares in the U.S. fell 18.9% in June compared to a year ago on an unadjusted basis. Overall, core inflation cooled to a 4.8% year-over-year pace during the month. On a month-to-month comparison, air fares fell 8.1% in June after declining 3.0% in May, retr...
2023-07-11 07:40:12 ET Evercore ISI lowered its rating on JetBlue Airways Corporation ( NASDAQ: JBLU ) on Monday to Underweight from a prior rating of In-Line. Analyst Duane Pfennigwerth said that while there will be twists and turns along the way, the firm thinks the Spirit Air...
2023-07-07 06:35:32 ET Summary The U.S. Department of Justice's lawsuit against the JetBlue and Spirit Airlines merger may be weakened due to the Northeast Alliance ban and JetBlue's divestiture of assets to Frontier Airlines. JetBlue's willingness to give up slots shows the compa...
Stocks slid on Thursday after better-than-expected jobs data increased investors' anxiety around the state of the economy and path of interest rates. The Dow Jones Industrials slumbered 459.67 points, or 1.3%, to break for lunch Thursday at 33,825.97. The S&P 500 decreased 51.01 point...
Spirit Airlines, Inc. (NYSE: SAVE) has caught the attention of the investment community today with its bullish price action. The company's shares are currently up 0.28% on the day to $17.71. Spirit Airlines, Inc. provides airline services. It serves 85 destinations in 16 countries in the Unite...
2023-07-05 16:28:10 ET JetBlue Airways Corporation ( NASDAQ: JBLU ) fired off a statement late on Wednesday about the carrier's Northeast Alliance with American Airlines Group ( AAL ). The airline company said it strongly disagrees with the court’s ruling a...
2023-07-03 15:30:49 ET Summary The US airline industry is expected to regain pre-pandemic profitability due to lower oil prices and higher utilization rates. Airlines trade at a historically cheap multiple of revenue to enterprise value. Growing demand and rationalized competi...
2023-07-03 06:17:51 ET Smoky haze, hot weather and storms... Many flights have been delayed or cancelled over the past week in the U.S., posing some problems for travelers ahead of the Fourth of July. More than 8,000 flights were delayed and over 500 canceled on Friday, according t...
2023-06-28 11:18:28 ET Summary JetBlue Airways is currently undergoing a potentially beneficial acquisition of Spirit Airlines. Despite regulatory concerns, I believe the deal will likely go through. The airline industry, including JetBlue, suffered significantly during the COVID-...
News, Short Squeeze, Breakout and More Instantly...
2024-07-17 16:24:49 ET Spirit Airlines (NYSE: SAVE) trimmed its outlook for the second quarter, just hours after an analyst warned the company could have trouble remaining airborne. Investors are headed for the exits, sending Spirit shares down 11% in late afternoon trading. ...
A look at the top 10 most actives in the United States Aptevo Therapeutics Inc. (APVO) rose 45.1% to $0.486 on volume of 64,992,551 shares Verb Technology Company Inc. (VERB) rose 3.5% to $0.1205 on volume of 54,410,242 shares NVIDIA Corporation (NVDA) fell 4.4% to $120.752 on volume of 4...
Spirit Airlines Announces New Appointment to Board of Directors PR Newswire DANIA BEACH , Fla. , July 16, 2024 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) announced today that its Board of Directors has appointed Richard F. Wa...