Tag Archives: Spirit airlines

CNBC reports: JetBlue Airways and Spirit Airlines on Monday said they are ending their agreement to merge, weeks after losing a federal antitrust lawsuit that challenged the deal. A federal judge in January blocked JetBlue’s attempted takeover of budget carrier Spirit after the Justice Department sued to bar the deal last year. The Justice Department alleged the acquisition would stifle …

CNBC reports: A federal judge blocked JetBlue Airways’ purchase of budget rival Spirit Airlines, a major win for Biden’s Justice Department, which sued to stop the merger, alleging it would drive up fares for some of the most price-sensitive consumers. JetBlue’s proposed $3.8 billion purchase of discounter Spirit would have produced the country’s fifth-largest airline, a deal the carriers said …

NBC News reports: Spirit Airlines has agreed to pay up to $8.25 million to settle a class action lawsuit by passengers who said the low-cost carrier blindsided them with surprise carry-on bag fees on tickets bought through third-party travel services. Lawyers for the passengers disclosed the deal in a motion late Wednesday in federal court in Brooklyn and asked a …

Reuters reports: The U.S. Department of Justice is expected to file an antitrust lawsuit to block JetBlue Airways Corp’s $3.8 billion takeover of low-cost rival Spirit Airlines as soon as Tuesday, Bloomberg News reported on Monday. The Department of Transportation, which is also reviewing the deal, is expected to take parallel action to stop the planned transaction, Bloomberg said. JetBlue …

CNBC reports: JetBlue Airways reached a deal to buy Spirit Airlines, hours after the discount carrier scrapped plans to merge with Frontier Airlines. JetBlue said it will pay $33.50 a share in cash for Spirit in a $3.8 billion deal. A JetBlue acquisition of Spirit would create the country’s fifth-largest carrier, and if approved by regulators, would leave Frontier as …

Bloomberg News reports: JetBlue Airways Corp. improved its offer for Spirit Airlines Inc., boosting a breakup provision to $350 million and adding an upfront cash payment days before shareholders will vote on a pending buyout agreement with Frontier Group Holdings Inc. The revised offer increases JetBlue’s reverse breakup fee by $150 million and provides for about $164 million payable as …

CNBC reports: Spirit Airlines’ board on Thursday urged its shareholders to reject JetBlue Airways’ hostile takeover attempt, citing regulatory hurdles and accusing the airline of trying to derail its planned merger with fellow discount carrier Frontier Airlines. JetBlue launched its hostile takeover bid on Monday after Spirit earlier this month rebuffed its surprise $33-a-share, all-cash acquisition offer. The tender offer …

The Associated Press reports: Rebuffed twice, JetBlue is going hostile in its bid for Spirit Airlines and asking shareholders of the low-cost carrier to reject a proposed $2.9 billion acquisition by Frontier Airlines. JetBlue is going straight to shareholders with its offer in hopes of pushing the board of the South Florida airline to the negotiating table. Shares of spirit …

CNBC reports: JetBlue Airways made a $3.6 billion all-cash offer for Spirit Airlines, raising questions about Spirit’s deal to combine with rival discount carrier Frontier Airlines. Spirit said its board was evaluating JetBlue’s proposal and will “pursue the course of action it determines to be in the best interests of Spirit and its stockholders.” JetBlue’s bid comes less than two …

The Miami Herald reports: When Alin Oteanu was told by Spirit workers at Fort Lauderdale-Hollywood International Airport that he would have to pay a fee for an extra bag on his flight, he had another idea, according to the Broward Sheriff’s Office. “I will leave it right there, and by the way, it has a bomb in it,” Oteanu said, …

NBC News reports: Frontier Airlines and Spirit Airlines, the two largest low-cost carriers in the U.S. have agreed to merge, creating what would become the fifth-largest airline in the country. The boards of both companies approved the deal over the weekend, prior to the CEOs of both airlines announcing the agreement in New York City. The deal, valued at $6.6 …

Reuters reports: United Airlines and Spirit Airlines are bumping up pay for on board staff as they scramble to keep schedules intact after U.S. airlines were hammered by a week of mass cancellations. While Spirit’s flight attendants are receiving double pay on any work through Jan. 4, according to their union, United is offering triple time for pilots who pick …

The Tennessean reports: A woman attacked two flight attendants on a Spirit Airlines flight to Nashville on Saturday night, was restrained by a fellow passenger, and then yelled at police officers to “shoot me” when they arrested her. Airport police arrested a 42-year old female for public intoxication after the flight crew contacted officers on the ground at Nashville International …

New York City’s ABC News affiliate reports: A Spirit Airlines flight from Atlantic City to Fort Lauderdale hit a “large bird” while accelerating for takeoff, causing damage to the engine and forcing passengers and crew to evacuate, according to the airline. The pilot hit the brakes and brought the plane to a stop. Video filmed from inside the airport showed …

USA Today reports: Spirit Airlines CEO Ted Christie publicly addressed this week’s operational meltdown for the first time today, blaming the more than 1,700 flight cancellations on a variety of factors that left it short on pilots and flight attendants as August began. Bad weather at the end of July, a time when flight crews start to run out of …

USA Today reports: Spirit Airlines apologized to passengers Wednesday after days of staggering flight cancellations and said cancellations should ease in the days to come as it reboots its operation. Help didn’t arrive on Thursday. The Florida-based carrier, which has blamed its operational meltdown on a series of issues, including weather, technology outages and staffing shortages, has already canceled 402 …

The South Florida Sun Sentinel reports: Hundreds of travelers in Broward County and beyond were stranded after Spirit Airlines cancelled over 250 flights nationwide. The Air Line Pilots Association said Monday morning, in an email to the South Florida Sun Sentinel, that reports of a strike are false. And Spirit spokesman Erik Hofmeyer echoed that, blaming cancellations on weather and …