Spirit Airlines Inc
United Airlines profit jumps 23%, but third-quarter forecast disappoints amid industry overcapacity
United Airlines planes at Denver International Airport. Leslie Josephs | CNBC United Airlines‘ second-quarter profit rose more than 20% from last year as strong demand for international travel boosted the carrier’s results, but its third-quarter forecast came in shy of estimates as an oversupply of flights weighs on fares. United said Wednesday that it expects […]
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Spirit Airlines forecasts bigger quarterly loss as revenue falls short of expectations
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines said Tuesday it would post a deeper-than-expected loss for the last quarter because of revenue that came in short of its expectations. Shares of the budget […]
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Air travel demand is breaking records. Airline profits are not
Passengers pass through O’Hare airport in Chicago, July 3, 2024. Scott Olson | Getty Images Record summer air travel demand isn’t translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this month. Some airlines have forecast record demand, and in some cases, revenue. But higher […]
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CNBC Everyday Open: ‘Roaring Kitty’ will get chewed up, Nasdaq hits document
Nasdaq closes at document significant, Paramount streaming company on the block, ‘Roaring Kitty’ will take 6.6% Chewy stake Johannes Eisele | AFP | Getty Photographs This report is from modern CNBC Everyday Open, our global marketplaces e-newsletter. CNBC Each day Open brings buyers up to velocity on everything they need to have to know, no […]
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Spirit Airlines isn’t considering Chapter 11, ‘encouraged’ by post-JetBlue plan, CEO says
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines CEO Ted Christie said Friday that the budget airline isn’t considering a Chapter 11 bankruptcy filing and is “encouraged” by its plan after a failed takeover […]
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Spirit Airlines gets rid of change and cancellation fees, joining Frontier
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport on February 12, 2024 in Austin, Texas. Brandon Bell | Getty Images Spirit Airlines is doing away with both change and cancellation fees, effective immediately, days after Frontier’s similar announcement, part of an overhaul of the country’s biggest discount carriers’ […]
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Stocks making the biggest moves midday: Berkshire Hathaway, Micron, Tyson Foods, Spirit Airlines and more
Check out the companies making headlines in midday trading: Berkshire Hathaway — Class A shares added 0.6% following the release of first-quarter results and the annual shareholders meeting on Saturday. Berkshire posted a 39% yearly jump in operating profit, while cash holdings are approaching $200 billion. Micron Technology — The Boise, Idaho-based semiconductor company jumped […]
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Shares generating the biggest premarket moves: Berkshire Hathaway, Paramount, Spirit Air, Victoria’s Secret and more
Look at out the businesses earning headlines in premarket buying and selling. Berkshire Hathaway — Class A shares traded up 1.2% early Monday immediately after the conglomerate posted 39% 12 months in excess of year progress in working income. The Warren Buffett-led company also saw its hard cash holdings increase to history degrees, approaching $200 […]
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JetBlue shares tumble 9% after airline lowers 2024 revenue outlook
Silhouette of passenger in front of the JetBlue Airbus A321neo aircraft spotted on the apron tarmac docked at the passenger jet bridge from the terminal of Amsterdam Schiphol International Airport AMS EHAM in the Netherlands. Nicholas Economou | Nurphoto | Getty Images JetBlue Airways shares tumbled more than 9% in premarket trading on Tuesday after […]
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Ex-JetBlue CEO Robin Hayes to run Airbus North America
Robin Hayes, chief executive officer of JetBlue Airways Corp., speaks during an Economic Club of New York event in New York, US, on Wednesday, March 29, 2023. Michael Nagle | Bloomberg | Getty Images Former JetBlue Airways CEO Robin Hayes will run Airbus’s North America arm, replacing Jeffrey Knittel, the airplane maker said Monday. Hayes […]
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