Southwest Airlines Co
The confusing job market: Tech and finance brace for the worst, retail is mixed, travel can’t hire fast enough
JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle […]
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From legroom to airfare: How JetBlue’s takeover of Spirit could change air travel
Passengers wait in line at the Spirit Airlines check-in counter at Orlando International Airport. Paul Hennessy | LightRocket | Getty Images Spirit Airlines relented this week and agreed to sell itself to JetBlue Airways for $3.8 billion, hours after breaking off a merger agreement with Frontier Airlines that failed to win enough shareholder support. The […]
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JetBlue won the battle for Spirit. Now it has to win over Biden’s Justice Department
JetBlue Airlines and Spirit Airlines are seen on the departure board in the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images JetBlue Airways finally won over Spirit Airlines with a $3.8 billion takeover deal. Now it needs to win over antitrust regulators. The New York-based airline […]
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Stocks making the biggest moves midday: Bausch Health, Meta, Comcast, Qualcomm and more
In this photo illustration, a silhouetted woman holds a smartphone with the Meta Platforms, Inc. logo displayed on the screen. Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Bausch Health – Trading in the pharmaceutical company’s shares was halted after the stock dipped 50%. A Delaware federal […]
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Consumer spending is slowing, but there are still pockets of strength in these three sectors
Despite new signs of slowing consumer demand, pockets of strength remain in travel, payments and autos. Hilton on Wednesday topped analysts’ second-quarter estimates and raised its full-year outlook, saying it remained optimistic there would be strong travel demand for the rest of the year. On Thursday morning, Southwest Airlines reinforced this view as it beat […]
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Stocks making the biggest moves in the premarket: Stanley Black & Decker, Southwest Airlines, Harley-Davidson and more
Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit shares rose 3.9% in premarket trading after it agreed to be acquired by JetBlue (JBLU) for $33.50 per share in cash. That follows yesterday’s rejection by shareholders of Spirit’s previous deal to merge with Frontier Airlines parent Frontier […]
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JetBlue agrees to buy Spirit in $3.8 billion deal to create fifth-largest U.S. airline
LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York. Leslie Josephs | CNBC JetBlue Airways reached a deal to buy Spirit Airlines, hours after the discount carrier scrapped plans to merge with Frontier Airlines. The New York-based carrier said it will pay $33.50 a share in cash for Spirit in a […]
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Spirit terminates merger agreement with Frontier that was marred by JetBlue’s rival bid
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana, on Monday, Feb. 7, 2022. Luke Sharrett | Bloomberg | Getty Images Spirit Airlines terminated its merger agreement with Frontier Airlines on Wednesday, months after rival suitor JetBlue Airways’ all-cash bid threw the planned tie-up into disarray. Shareholders […]
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United Airlines posts profit on travel surge but holds back on flight growth
An aircraft takes off from O’Hare International Airport on January 18, 2022 in Chicago, Illinois. Scott Olson | Getty Images United Airlines on Wednesday notched a key profit milestone in its pandemic recovery, but said it will scale back its growth plans through 2023. United reported its first quarterly profit — $329 million — since […]
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Stocks making the biggest moves midday: IBM, Boeing, Hasbro, Ford & more
IBM CEO Arvind Krishna appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Check out the companies making headlines in midday trading Tuesday. IBM – Shares of IBM slipped 5.25% after the tech company warned of a potential $3.5 billion […]
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