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Reuters - 4 days ago

FAA says US flights can resume to airports in northern Haiti

FAA says US flights can resume to airports in northern Haiti WASHINGTON, Nov 21 (Reuters) - The Federal Aviation Administration said on Thursday it was allowing U.S. flights to resume to six airports in northern Haiti. On Nov. 12, the FAA said it was barring U.S. airlines from operating in Haiti for 30 days after three commercial jetliners were struck by gunfire.
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Reuters - 6 days ago

Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy

ANALYSIS-Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy Post-pandemic trends upended Spirit's playbook Debt-fueled growth strategy drove up costs, dampened fares Foray into high-end market failed to lift earnings By Rajesh Kumar Singh CHICAGO, Nov 19 (Reuters) - Spirit Airlines SAVE.N was expected to be one of the big travel industry winners after the pandemic.
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Reuters - 1 week ago

U.S. STOCKS Henry Schein Inc, Palantir Technologies, Uber Technologies

U.S. STOCKS ON THE MOVE-Henry Schein Inc, Palantir Technologies, Uber Technologies Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were mixed on Monday, as investors looked ahead to earnings from AI-chip leader Nvidia following a rout the previous week on apprehensions about Donald Trump's cabinet appointments and the central bank's policy path.
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Reuters - 1 week ago

U.S. airlines fall as oil prices rise amid escalating Russia-Ukraine conflict

BUZZ-U.S. airlines fall as oil prices rise amid escalating Russia-Ukraine conflict ** Shares of U.S. airlines down as oil prices edge up on Monday after fighting between Russia and Ukraine intensified over the weekend ** Shares of the New York-based JetBlue Airways JBLU.O plunge 6.6% while Atlanta-based Delta Air Lines DAL.N down 0.7% ** Southwest
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Reuters - 1 week ago

US no-frills pioneer Spirit Airlines files for bankruptcy protection

UPDATE 6-US no-frills pioneer Spirit Airlines files for bankruptcy protection Recasts first two paragraphs, adds context and updates stock prices in paragraphs 4, 8 Airline has deal with bondholders to restructure debts Expects to exit bankruptcy process in Q1 2025 Carrier expects to operate as normal through the process By Shivansh Tiwary, Rajesh Kumar Singh Nov 18 (Reuters) - Spirit Airlines SAVE.N has filed for bankruptcy protection, the no-frills U.S.
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Reuters - 1 week ago

Spirit Airlines files for bankruptcy

Spirit Airlines files for bankruptcy Nov 18 (Reuters) - Spirit Airlines has filed for bankruptcy protection after the pioneer of no-frills travel in the U.S. struggled with a long run of quarterly losses and significant debt, it disclosed on Monday. Reporting by Shivansh Tiwary in Bengaluru; Editing by Sriraj Kalluvila
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Reuters - 2 weeks ago

US deals blocked by regulators or facing intense scrutiny

FACTBOX-US deals blocked by regulators or facing intense scrutiny Nov 14 (Reuters) - Tapestry TPR.N abandoned its $8.5 billion bid for Michael Kors owner Capri CPRI.N after a judge blocked it following a lawsuit by the U.S. Federal Trade Commission (FTC), in the latest regulatory squeeze under the Biden administration. Here are other deals that have been terminated or face regulatory scrutiny: DEALS THAT HAVE BEEN TERMINATED DEAL DEAL VALUE CONTEXT JetBlue-Spirit Airlines $3.8 billion JetBlue Ai
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Reuters - 2 weeks ago

FAA bars US airlines from Haiti after gunfire hits three planes

UPDATE 2-FAA bars US airlines from Haiti after gunfire hits three planes FAA bars U.S. airlines from operating in Haiti for 30 days Spirit Airlines, JetBlue and American Airlines flights struck by gunfire Haitian PM pledges to improve security amid rising violence Updates paragraphs 1 and 3 and third plane hit by gunfire, adds with FBI investigating in 2, American Airlines comments in 5 and 8 By David Shepardson WASHINGTON, Nov 12 (Reuters) - The Federal Aviation Administration said on Tuesday i
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Reuters - 2 weeks ago

US barring flights to Haiti for 30 days after flights struck by gunfire

US barring flights to Haiti for 30 days after flights struck by gunfire WASHINGTON, Nov 12 (Reuters) - The Federal Aviation Administration said on Tuesday it will bar U.S. airlines from operating in Haiti for 30 days after two commercial jetliners were struck by gunfire on Monday. The FAA issued a Notice to Air Mission prohibiting U.S. civil aviation operations in the territory and airspace of Haiti below 10,000 feet for 30 days.
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Reuters - 2 weeks ago

JetBlue will halt flights to Haiti through Dec. 2 after aircraft struck by bullet

UPDATE 1-JetBlue will halt flights to Haiti through Dec. 2 after aircraft struck by bullet Adds statement from JetBlue, background on recent incidents in paragraphs 4-10 By David Shepardson WASHINGTON, Nov 11 (Reuters) - JetBlue Airways JBLU.O said late on Monday it will extend a halt to all flights to and from Haiti through Dec. 2 after damage from a bullet to a plane returning from Port-au-Prince was discovered.
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Reuters - 2 weeks ago

JetBlue will halt flights to Haiti through Dec. 2 after aircraft struck by bullet

JetBlue will halt flights to Haiti through Dec. 2 after aircraft struck by bullet WASHINGTON, Nov 11 (Reuters) - JetBlue Airways JBLU.O said late on Monday it will extend a halt to all flights to and from Haiti through Dec. 2 after damage from a bullet to a plane returning from Port-au-Prince was discovered. A Spirit Airlines SAVE.N flight destined for the Haitian capital was struck by gunfire earlier on Monday, forcing it to be diverted to the neighboring Dominican Republic.
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Reuters - 2 weeks ago

Spirit Airlines flight hit by gunfire while approaching Haiti's Port-au-Prince

UPDATE 3-Spirit Airlines flight hit by gunfire while approaching Haiti's Port-au-Prince Spirit Airlines flight diverted to Dominican Republic after gunfire incident Flight attendant injured, no passengers harmed Flights to and from Haiti suspended by Spirit and JetBlue Updates with cancellations from American Airlines in paragraph 9, adds context from U.S.
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Reuters - 2 weeks ago

American Airlines loses US appeal of ruling barring JetBlue alliance

UPDATE 4-American Airlines loses US appeal of ruling barring JetBlue alliance Adds Justice Department's comment and position in paragraphs 5, 12 By Nate Raymond and David Shepardson Nov 8 (Reuters) - A U.S. appeals court on Friday held that a trial judge correctly found that American Airlines' AAL.O now-scrapped U.S. Northeast partnership with JetBlue Airways JBLU.O violated federal antitrust law.
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Reuters - 2 weeks ago

American Airlines loses US appeal of ruling barring JetBlue alliance

American Airlines loses US appeal of ruling barring JetBlue alliance Nov 8 (Reuters) - A U.S. appeals court on Friday rejected a bid by American Airlines AAL.O to overturn a judge's decision that sided with the U.S. Department of Justice and declared that its now-scrapped U.S. Northeast partnership with JetBlue Airways JBLU.O was anticompetitive. The Boston-based 1st U.S.
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Reuters - 3 weeks ago

US airlines surge as Donald Trump secures second presidential term

BUZZ-US airlines surge as Donald Trump secures second presidential term ** Shares of U.S. airlines surge as Republican Donald Trump secures second term as the president of the United States ** Delta Air Lines DAL.N rises 5.2% at $61.3, United Airlines UAL.O up 6.4% at $85.2 and American Airlines AAL.O moves up to 5.7% at $13.94 in early trade ** Southwest Airlines up 3.2% at $31.62, Alaska Air moves up 2.9% at $49.99, JetBlue Airways rises 4.6% at $6.2 ** Investors anticipate that a pro-business
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Reuters - 3 weeks ago

Major airlines criticize Biden's air competition review, seek more time

UPDATE 1-Major airlines criticize Biden's air competition review, seek more time Updates with USOT response, adds letter detail By David Shepardson WASHINGTON, Nov 1 (Reuters) - Groups representing major airlines on Friday criticized the Biden administration's broad public inquiry into the state of competition in air travel, saying the review needs more time and could dramatically impact the future of U.S.
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Reuters - 4 weeks ago

Spirit Airlines to furlough hundreds of pilots to cut costs

UPDATE 2-Spirit Airlines to furlough hundreds of pilots to cut costs Adds more details of cost cuts, pilot union's comments, background details throughout By Rajesh Kumar Singh CHICAGO, Oct 30 (Reuters) - Spirit Airlines SAVE.N will furlough about 330 pilots on Jan. 31, 2025, a company spokesperson told Reuters, as part of its efforts to cut costs and shore up its finances.
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Reuters - 4 weeks ago

US airlines see stronger profits as airfare war ends

ANALYSIS-US airlines see stronger profits as airfare war ends Capacity growing at slowest pace after COVID Airfares post sharpest gain in 18 months in Sept Airline stocks outperforming broader market since end-July By Rajesh Kumar Singh CHICAGO, Oct 30 (Reuters) - U.S. airlines appear to have rediscovered their mojo, thanks to a sharp reduction in capacity that plagued the market this summer.
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Reuters - 4 weeks ago

JetBlue falls as FY revenue forecast misses estimates

BUZZ-JetBlue falls as FY revenue forecast misses estimates ** Shares of JetBlue Airways JBLU.O fall 14.14% to $6.29; set for the worst day in two months if losses hold ** JBLU expects bigger-than-expected FY24 revenue drop due to decreased domestic travel demand ahead of U.S. elections ** Co sees FY24 revenue to fall between 4% and 5% vs estimates
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Reuters - 4 weeks ago

JetBlue CEO Says Long-Term Capacity Planning Continues To Be Challenged By Aircraft On The Ground

BRIEF-JetBlue CEO Says Long-Term Capacity Planning Continues To Be Challenged By Aircraft On The Ground Oct 29 (Reuters) - JetBlue Airways Corp JBLU.O : JETBLUE CEO: THERE IS STILL SIGNIFICANT WORK AHEAD ON OUR PATH TO FULL-YEAR OPERATING PROFITABILITY - CONF. CALL JETBLUE CEO: AS WE HEAD INTO 2025, WE REMAIN CONFIDENT IN THE UNDERLYING SUPPLY AND DEMAND BACKDROP JETBLUE CEO: LONG-TERM CAPACITY PLANNING CONTINUES TO BE CHALLENGED BY AIRCRAFT ON THE GROUND JETBLUE CEO: WE EXPECT CAPACITY TO BE RO
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