JETBLUE AIRWAYS CORPORATION

(JBLU)
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Delayed Nasdaq  -  04:00 2022-08-09 pm EDT
8.470 USD   -1.85%
03:01pJetBlue Names Renée Anckner, Vice President Associate General Counsel
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08/05JETBLUE AIRWAYS CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
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JetBlue extends tender offer date for Spirit Airlines

06/30/2022 | 04:51pm EDT

June 30 (Reuters) - JetBlue Airways Corp said on Thursday it was extending the expiration date of its cash tender offer for Spirit Airlines Inc to July 29 from June 30, after sweetening its bid for the ultra-low-cost carrier earlier this week.

In the latest offer on June 27, JetBlue included a ticking fee of 10 cents per Spirit share, raising the deal value to $34.15 per share.

Spirit Airlines on Wednesday deferred a shareholder vote on Frontier Group Holdings Inc's merger offer for the budget carrier until next week.

Frontier also raised its bid for Spirit last week.

Both bidders see Spirit as an opportunity to expand their domestic footprints at a time when the U.S. airline industry is dogged by labor and aircraft shortages. Either of the deals would create the fifth-largest U.S. airline. (Reporting by Manas Mishra in Bengaluru; Editing by Shounak Dasgupta)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
FRONTIER GROUP HOLDINGS, INC. -2.79% 13.96 Delayed Quote.2.87%
JETBLUE AIRWAYS CORPORATION -1.85% 8.47 Delayed Quote.-39.40%
SPIRIT AIRLINES, INC. -0.20% 24.6 Delayed Quote.12.59%
All news about JETBLUE AIRWAYS CORPORATION
03:01pJetBlue Names Renée Anckner, Vice President Associate General Counsel
BU
08/05U.S. hotels spin travel demand into gold as airlines struggle
RE
08/05JETBLUE AIRWAYS CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND R..
AQ
08/04JetBlue Expands Transatlantic Service with Highly Anticipated First Flight from Boston ..
BU
08/04JetBlue Airways Corporation Expands Transatlantic Service with Highly Anticipated First..
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08/04BofA Securities Reinstates JetBlue Airways at Neutral With $10 Price Target
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08/03Cowen & Co Adjusts JetBlue Airways Price Target to $10 From $14, Maintains Outperform R..
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08/03JetBlue Announces Second Quarter 2022 Results; JetBlue Announces Record Revenues and La..
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08/03Deutsche Bank Adjusts JetBlue Airways' Price Target to $10 From $16, Maintains Hold Rat..
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08/02Consumer Cos Down as Inflation Hits Earnings -- Consumer Roundup
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Financials (USD)
Sales 2022 9 084 M - -
Net income 2022 -311 M - -
Net Debt 2022 2 630 M - -
P/E ratio 2022 -9,06x
Yield 2022 -
Capitalization 2 743 M 2 743 M -
EV / Sales 2022 0,59x
EV / Sales 2023 0,63x
Nbr of Employees 24 000
Free-Float 66,2%
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Mean consensus HOLD
Number of Analysts 10
Last Close Price 8,47 $
Average target price 9,38 $
Spread / Average Target 10,7%
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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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