Spirit Air, JetBlue Shares Quiet Following Earlier Report Spirit Has Rejected JetBlue’s Offer
https://www.cnbc.com/2022/05/06/jetblue-airways-at-a-crossroads-after-spirit-rejects-its-takeover-offer.html
Why Spirit Airlines Stock Is Grounded Today
Spirit Airlines Inc (NYSE: SAVE) shares are trading lower Monday after the company rejected JetBlue Airways Corp's (NASDAQ: JBLU) proposal and said it will proceed with its previously-announced mer
JetBlue Submits ‘Enhanced’ Proposal To Acquire Spirit, Continues To Offer $33/Share In Cash And Adds Divestiture Commitment And Reverse Break-Up Fee
By adding clear divestiture commitments and a reverse break-up fee to its previous all-cash offer, JetBlue offers more value and certainty to Spirit shareholders than the Frontier transaction
Stocks That Hit 52-Week Lows On Wednesday
Wednesday's session saw 784 companies set new 52-week lows.
JetBlue Airways Q1 Adj. EPS $(0.80) Beats $(0.86) Estimate, Sales $1.74B Beat $1.72B Estimate
JetBlue Airways (NASDAQ:JBLU) reported quarterly losses of $(0.80) per share which beat the analyst consensus estimate of $(0.86) by 6.98 percent. This is a 45.95 percent increase over losses of $(1.48) per share from
Deutsche Bank Downgrades JetBlue Airways to Hold, Announces $16 Price Target
Deutsche Bank analyst Michael Linenberg downgrades JetBlue Airways (NASDAQ:JBLU) from Buy to Hold and announces $16 price target.
Why JetBlue Airways Shares Are Rising
Shares of airline companies, including JetBlue Airways Corporation (NASDAQ: JBLU), are trading higher amid strength in the industry following earnings from several peer companies.