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Spirit Airlines Inc

JetBlue launches hostile takeover bid for Spirit Airlines

LaGuardia International Airport Terminal A for JetBlue and Spirit Airlines in New York.Leslie Josephs | CNBCJetBlue Airways launched a hostile takeover bid of Spirit Airlines on Monday after that carrier rejected JetBlue's $33 per share, all-cash offer earlier this month.JetBlue has said acquiring Spirit would give it access to a large fleet of Airbus planes, trained pilots and the ability to better compete against the "Big Four" U.S. airlines that control most of the U.S. market. Spirit rejected the offer to stick with a…

5 things to know before the stock market opens Monday, May 16

Here are the most important news, trends and analysis that investors need to start their trading day:1. Dow set to open lower after seven straight weeks of sellingTraders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 13, 2022. Brendan Mcdermid | ReutersU.S. stock futures dipped Monday after the Dow Jones Industrial Average declined for a seventh week in a row, the first time that's happened in more than two decades. The S&P 500 and the Nasdaq both dropped for six straight weeks…

JetBlue Airways at a crossroads after Spirit rejects its takeover offer

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 ImagesJetBlue Airways is at a nearly quarter-century crossroads.The airline's first flight took off from New York City for Fort Lauderdale in February 2000. Twenty-two years later, JetBlue executives again set their sights on South Florida with a surprise bid for Spirit Airlines.…