JETBLUE AIRWAYS CORPORATION

(JBLU)
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Real-time Estimate Cboe BZX  -  03:00 2022-08-17 pm EDT
8.655 USD   -4.36%
08/16JETBLUE AIRWAYS CORP Financial Statements and Exhibits (form 8-K/A)
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08/16Frontier plans capacity ramp-up in bet on recession-wary American travelers
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08/15Melius Research Initiates Coverage of JetBlue Airways With Hold Rating, $9.50 Price Target
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Frontier Group sees a deal with Spirit Airlines after revised offer

06/27/2022 | 05:59pm EDT
Illustration shows Spirit and Frontier Airlines logos

CHICAGO (Reuters) - Frontier Group Holdings Chief Executive Barry Biffle said on Monday the company's revised offer for Spirit Airlines Inc will be enough to secure a merger deal with the ultra-low-cost carrier.

"We're really excited about it and getting good feedback," Biffle told Reuters in an interview.

Frontier has been vying with JetBlue Airways Corp to acquire Spirit. Either of the deals would create the fifth-largest U.S. airline.

Denver-based Frontier last week bumped up the cash component of its offer for Spirit by $2 per share to $4.13 per share and agreed to prepay $2.22 per share as a cash dividend to Spirit stockholders following approval of the transaction. It also increased its reverse termination fee to Spirit by $100 million to $350 million.

(Reporting by Rajesh Kumar Singh; Editing by Leslie Adler)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
FRONTIER GROUP HOLDINGS, INC. -1.75% 14.075 Delayed Quote.5.45%
JETBLUE AIRWAYS CORPORATION -4.14% 8.67 Delayed Quote.-36.45%
SPIRIT AIRLINES, INC. -1.11% 24.415 Delayed Quote.12.95%
All news about JETBLUE AIRWAYS CORPORATION
08/16JETBLUE AIRWAYS CORP Financial Statements and Exhibits (form 8-K/A)
AQ
08/16Frontier plans capacity ramp-up in bet on recession-wary American travelers
RE
08/15Melius Research Initiates Coverage of JetBlue Airways With Hold Rating, $9.50 Price Tar..
MT
08/11JETBLUE AIRWAYS : Appoints Nik Mittal to Board of Directors - Form 8-K
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08/11JetBlue Appoints Nik Mittal to Board of Directors
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08/11JETBLUE AIRWAYS CORP : Change in Directors or Principal Officers, Regulation FD Disclosure..
AQ
08/11JetBlue Airways Corporation Appoints Nik Mittal to Board of Directors
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08/10JetBlue Names Renee Anckner, Vice President Associate General Counsel
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08/09JetBlue Names Renée Anckner, Vice President Associate General Counsel
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08/05U.S. hotels spin travel demand into gold as airlines struggle
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Financials (USD)
Sales 2022 9 087 M - -
Net income 2022 -311 M - -
Net Debt 2022 2 130 M - -
P/E ratio 2022 -10,2x
Yield 2022 -
Capitalization 2 931 M 2 931 M -
EV / Sales 2022 0,56x
EV / Sales 2023 0,60x
Nbr of Employees 24 000
Free-Float 66,8%
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Mean consensus HOLD
Number of Analysts 11
Last Close Price 9,05 $
Average target price 9,39 $
Spread / Average Target 3,74%
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Managers and Directors
Robin N. Hayes Chief Executive Officer & Director
Joanna L. Geraghty President & Chief Operating Officer
Ursula Hurley Chief Financial Officer
Peter Boneparth Chairman
Carol Clements Chief Digital & Technology Officer
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