Why would JetBlue want Spirit?

Why would JetBlue want Spirit? It's about acquiring more planes, pilots and staff. JetBlue wants to acquire Spirit basically as a way of growing JetBlue much faster, David Slotnick with The Points Guy said. They want to double the size of their airline.

Why do people say not to fly Spirit?

Its modus operandi is cheap fares on the front end, with a blizzard of fees on the back. It then skimps on everything – except executive pay, of course – to provide a travel experience just this side of intolerable. Pilots describe an infrastructure built to handle a company one-third its size.

Is Spirit Airlines getting better?

Despite comedians' digs, Spirit has improved its reliability in recent years — and is faring better than JetBlue by some measures. JetBlue came in last among 10 airlines in on-time arrivals this year through May, while Spirit ranked seventh, according to the Transportation Department's latest available data.

Why is Biden suing JetBlue?

March 7, 2023, at 10:58 a.m. The Biden administration sued to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers.

Who is Spirit airline owned by?

Spirit Airlines was acquired by JetBlue Airways for $3.8B on Jul 28, 2022 .

Why was JetBlue and Spirit merger Cancelled?

In July 2022, while this initial DOJ antitrust lawsuit was still pending, JetBlue finalized its ignominious hostile takeover of Spirit Airlines — a deal which was initially rejected by Spirit's board of directors based on antitrust concerns.

Are Spirit airline seats smaller?

Those familiar with Spirit's seating configurations will know that its Big Front Seats offer more than just extra legroom. While this is indeed the case, with a standard seat pitch of 36 inches rather than the usual 28, they are also wider, at 18.5 inches across.

Who is JetBlue owned by?

Institutional investors own Jet Blue. Robin Hayes took over as the company President in 2014 and then, nearly a year later, assumed the role of the Chief Executive Officer (CEO). Robin Hayes has the top individual ownership of the airline's shares, owning more than 823,000 shares.

What is the future of JetBlue?

High Growth Earnings: JBLU's earnings are expected to grow significantly over the next 3 years. Revenue vs Market: JBLU's revenue (4.7% per year) is forecast to grow slower than the US market (7.7% per year). High Growth Revenue: JBLU's revenue (4.7% per year) is forecast to grow slower than 20% per year.

Did the US sue to block JetBlue from buying Spirit Airlines?

DOJ sues to block JetBlue from buying Spirit Airlines The Biden administration sued on Tuesday to block the $3.8 billion purchase, saying the deal would reduce competition and drive up air fares for consumers.

Did Spirit Airlines vote on JetBlue merger?

Spirit Airlines shareholders voted Wednesday to approve a merger with rival JetBlue Airways, a deal that would create the nation's fifth-largest carrier but one that will face scrutiny from federal regulators.

Why are so many Spirit flights being cancelled?

Spirit Airlines' flight cancellations can stem from a variety of factors such as weather disruptions, maintenance issues, crew availability, or logistical challenges. These occurrences are not unique to Spirit; all airlines face similar challenges occasionally.

Which airline is the cheapest?