Over the next two years Spirit plans a “generational” shift in its fleet makeup, completely retiring the Airbus A319ceo and improving cost and fuel efficiency.
JetBlue finds itself in an unprecedented position—its plans for both the Spirit merger and its alliance with American Airlines remain entangled in litigation.
JetBlue in July announced its $3.8 billion deal to acquire ULCC Spirit and has been awaiting regulatory approval, a process Hayes acknowledged was “complex.”
Spirit Airlines’ unit costs and profitability continue to be negatively affected by significant reliability problems posed by Pratt & Whitney Geared Turbofans.
Spirit Airlines pilots have voted to ratify a new collective bargaining agreement, which includes provisions in case the ULCC's merger with JetBlue collapses.
Spirit Airlines is keeping the focus on customers as it navigates a potential merger with JetBlue Airways, which was officially approved by Spirit’s shareholders last week.
Frontier Airlines may have lost the bidding war for Spirit Airlines, but its future as a standalone carrier looks bright—especially with its largest ULCC competitor now out of the picture.
Spirit Airlines agreed to be acquired by JetBlue Airways in an all-cash deal valued at $3.8 billion, a move that comes one day after its shareholders formally rejected a competing offer from Frontier Airlines.
If Spirit and JetBlue do eventually agree on the terms of a transaction, they will still need shareholder approval as well as antitrust approval from the U.S. Justice Department.
JetBlue Airways upgraded its proposal for Spirit Airlines again as the tit-for-tat bidding war with Frontier Airlines heated up ahead of a June 30 shareholder vote.
JetBlue Airways sweetened the terms of its bid to acquire Spirit Airlines, part of an effort to win over Spirit’s shareholders ahead of a fast approaching vote on whether to merge with Frontier Airlines.
Spirit Airlines CEO Ted Christie is reiterating his firm opposition to the hostile takeover effort initiated by JetBlue Airways, describing it as a “cynical” attempt to disrupt Spirit’s planned merger with Frontier Airlines.
