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Spirit-JetBlue takeover wins shareholder approval

A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty Images)Joe Cavaretta | Sun Sentinel | Getty ImagesSpirit Airlines shareholders have approved a takeover by JetBlue Airways after a six-month battle to create the country's fifth-largest carrier, a deal that now faces a high hurdle with federal regulators.Spirit announced the results of the vote after a special shareholder…

Frontier Airlines recently held talks with SpaceX about adding Starlink Wi-Fi

A Frontier Airlines airplane taxis to a gate at Denver International Airport in Denver, Colorado, U.S., on Monday, Feb. 7, 2022.Michael Ciaglo | Bloomberg | Getty ImagesFrontier Airlines "recently" held discussions with SpaceX about adding its Starlink satellite internet service to its planes and is more hopeful about adding such a product than in previous years, the carrier's CEO told CNBC on Thursday.Adding Starlink's Wi-Fi would be a departure for the budget carrier, which doesn't currently offer inflight internet…

GameStop, Rivian, Regeneron, Snap and more

Pedestrians pass in front of a GameStop retail store in New York, December 23, 2021.Scott Mlyn | CNBCCheck out the companies making headlines in midday trading Thursday.GameStop – Shares of video game retailer rose 4% after the company disclosed a new partnership with cryptocurrency exchange FTX in its quarterly update. GameStop plans to collaborate with FTX on e-commerce and online marketing initiatives. The increase in the stock price came even as GameStop reported a sales decline and widened losses for the most-recent…

GameStop, American Eagle Outfitters, Asana and more

GameStop — GameStop surged 9.2% before the bell despite sharing a widening quarterly loss and declining sales. The video game retailer also announced a partnership with crypto exchange FTX. GameStop's results could not be compared since few analysts cover the company.Asana — Asana's stock surged 19% in the premarket following a beat on the top and bottom lines for the previous quarter. The communications software company shared a smaller-than-expected loss of 34 cents per share on revenue of $134.9 million. Revenue…

Spirit Airlines (SAVE) earnings Q2 2022

Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesSpirit Airlines reported a second-quarter loss as strong travel demand and higher fares weren't enough to overcome a surge in costs.Spirit reported results less than two weeks after it announced it agreed to sell itself to JetBlue Airways for $3.8 billion, ending a monthslong bidding war for Spirit between JetBlue and Frontier Airlines.Miramar, Florida-based…

JetBlue shares tumble as costs push it to a loss despite profit forecast on higher fares

JetBlue Airways Airbus A320 passenger aircraft landing at John F. Kennedy International Airport in New York City.Nik Oiko | LightRocket | Getty ImagesJetBlue Airways shares tumbled Tuesday after a surge in costs drove it to another quarterly loss just as it plans its takeover of Spirit Airlines.The New York-based airline had a loss of $188 million in the second quarter on record revenue of close to $2.45 billion as it grappled with a nearly 35% increase in cost per available seat mile compared with three years ago. Fuel,…

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 ImagesSpirit 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 new deal would mean big changes for travelers if it passes regulatory hurdles.JetBlue has earned a reputation for passenger comforts like relatively generous legroom,…

JetBlue won the battle for Spirit. Now it has to win over Biden’s Justice Department

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 snatched Spirit away Frontier Airlines with an all-cash offer that torpedoed the cash-and-stock deal the two discount airlines had forged earlier this year. Hours after Spirit and Frontier said they terminated their merger agreement, which lacked shareholder support, Spirit said it agreed to sell itself to JetBlue.JetBlue said it expects to win regulatory approval in…

JetBlue Airways reaches deal to buy Spirit Airlines

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York.Leslie Josephs | CNBCJetBlue Airways reached a deal to buy Spirit Airlines, hours after the discount carrier ended its merger agreement with Frontier Airlines.JetBlue said it will pay $33.50 a share in cash for Spirit.A JetBlue acquisition of Spirit would create the country's fifth-largest carrier, and if approved by regulators, would leave Frontier as the largest discount carrier in the U.S.JetBlue's surprise, all-cash bid for Spirit…

Spirit shareholder vote finally underway on Frontier deal clouded by rival JetBlue bid

A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesSpirit Airlines shareholders were finally voting Wednesday on a planned tie-up with Frontier Airlines, a deal that has been on the rocks following a rival bid from JetBlue Airways this spring.Spirit had postponed the vote four times as it struggled to gather enough shareholder support for the Frontier merger, which the carriers first announced in…