This summer has brought a travel boom. Just not in the way airlines might have expected. As Bloomberg News reported Thursday (Aug. 3), travelers seem to want to take international trips, which has left domestic airlines slashing prices and feeling strained, with JetBlue lowering its outlook for the year, and...
JetBlue Airways is offering $3.6 billion in an all-cash deal to buy Spirit Airlines, which would challenge the efforts by Frontier Airlines to do the same, The Wall Street Journal reported Tuesday (April 5). The company offered to buy Spirit for $33 a share, calling...
The budget carrier Frontier Airlines is expecting to raise $570 million when it starts trading on Nasdaq on Thursday (April 1), giving the Denver-based company an estimated $4 billion valuation. The airline sold 30 million shares at $19 apiece, the low end of the target...
American Airlines is intending to fly 55 percent of its domestic schedule and almost 20 percent of its international schedule next month in comparison to the same timeframe in 2019, according to an announcement. Vasu Raja, American Airlines senior vice president of network strategy, said...
October 11, 2023
A two-year, post-pandemic boom in travel is reportedly showing signs of slowing down. This new trend is having a mixed impact on airlines, with budget airlines bearing the brunt of the slowdown, The Wall Street Journal (WSJ) reported Wednesday (Oct. 11). The indicators of a return to normal, pre-pandemic travel demand come after a period in which […]
August 03, 2023
This summer has brought a travel boom. Just not in the way airlines might have expected. As Bloomberg News reported Thursday (Aug. 3), travelers seem to want to take international trips, which has...
April 05, 2022
JetBlue Airways is offering $3.6 billion in an all-cash deal to buy Spirit Airlines, which would challenge the efforts by Frontier Airlines to do the same, The Wall Street Journal...
April 01, 2021
The budget carrier Frontier Airlines is expecting to raise $570 million when it starts trading on Nasdaq on Thursday (April 1), giving the Denver-based company an estimated $4 billion valuation....
