JetBlue warns on December need and vacation stocks arrive underneath tension. With CNBC’s Melissa Lee and the Speedy Funds traders, Steve Grasso, Dan Nathan, Person Adami and Bonawyn Eison.
Vacation shares below strain as JetBlue challenges a demand from customers warning
Travel
Point to point leisure airline model has not made money since 2020, says Barclays’ Brandon Oglenski
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Brandon Oglenski, Barclays senior airlines analyst, joins ‘The Exchange’ to discuss a potential bailout of Spirit Airlines, mergers and acquisitions in the industry and much more. Source
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Spirit Airlines lawyer says cash ‘not going to last for very much longer,’ but government rescue on the table
A Spirit Airlines plane at New York’s LaGuardia Airport. Leslie Josephs/CNBC Spirit Airlines’ accessible cash to keep operating won’t last long and a government rescue package is on the table, a lawyer for the struggling budget carrier said at a hearing Thursday. The company needs access to existing cash or new funding in the next […]
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Travel
American Airlines CEO says merger with United would be ‘bad for customers’
American Airlines CEO Robert Isom said a potential merger with rival United Airlines would hurt consumers and would be anti-competitive. United CEO Scott Kirby floated the idea of a possible merger with American to a Trump administration official earlier this year, according to people familiar with the matter, eyeing a global expansion that could take […]
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