Rooting for Jet Blue here. Adding new EU holiday destinations at the same time of the major cut to stations and the Ax of JFK-Gatwick, is how this news needed to be delivered. Madrid and Edinburgh will get their EU portfolio headed into a good direction. Get them nonstop in Palma de Majorca and Porto, as well as something like Madeira, Funchal, or Grand Canary as the follow up - vacation travelers will be lining up to grab their Barclays card and save points for the dream Mediterranean holiday a...
The$Nasdaq Composite Index (.IXIC.US)$hit a record intraday and closing high Wednesday, crossing 20,000 points for the first time. The index was up 1.8% at 20,050 in late trading, finishing 1.77% higher. The$S&P 500 Index (.SPX.US)$closed just below its highest close on record at 6,090.27, while the$Dow Jones Industrial Average (.DJI.US)$fell 0.2%. MACRO In economic news, November’s consumer price index (C...
$Spirit Airlines (SAVE.US)$by blocking the$JetBlue Airways (JBLU.US)$acquisition of Spirit for $3.8 Billion in January 2024, the Biden Administration was successful in forcing Spirit into bankruptcy in 10 months—while protecting the oligopoly of the thriving Big 4. Since Biden successfully blocked the JBLU-SAVE merger, SAVE has cut nearly 20% of its workforce, nearly 20% of its flights, and sold over 10% of its planes. This is BIDENOMICS.
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purp73
:
Okay! This article is half true and half false.
Justin Brewer
OP
purp73
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Everything written above is true. If Biden didn’t block the JBLU-SAVE Merger, SAVE shareholders would have received $31 per share by July 2024. Instead, their shares are now WORTHLESS. Again, this is BIDENOMICS.
RmacFL
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it was a terrible decision to block JetBlue. If it was allowed, the two airlines combined would have formed the fifth largest airline in the United States. The average person can't even name the 6th and 7th largest. The Biden DOJ didn't protect the consumers. they protected the big three.
RmacFL
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But let's not let Spirit leadership off the hook. They've mismanaged that company and that's where the focus needs to be if they have any hope of becoming profitable.
$Spirit Airlines (SAVE.US)$I lost a lot of money from having shares before the DOJ & Judge Young blocked the merger. Spirit CEO Ted Christie has waved a big middle finger at shareholders ever since they voted for the$JetBlue Airways (JBLU.US)$deal instead of the$Frontier Group (ULCC.US)$deal back in July 2022. Little Teddy told Judge Young there was NO WAY Spirit would go bankrupt—which severely HURT the JBLU-SAVE case. It’s as if Little Teddy SABOTAGED the merger and WANTED to bankrup...
After a slow start, the S&P 500 was close to flat at the end of Wednesday. The major index climbed mid-day but then fell back to nearly unchanged. Bitcoin broke through all-time highs today before it too fell back to below $90k. Just past 4 pm ET the$S&P 500 Index (.SPX.US)$traded up 2 bps, the$Dow Jones Industrial Average (.DJI.US)$climbed 0.11%, and the$Nasdaq Composite Index (.IXIC.US)$fell 0.21%. MACRO The Consumer ...
Good morning, traders. Happy Wednesday, November 13th. The S&P 500 was close to flat, and the market was a mixed bag. Some 'election equities' climbed, some fell. Bitcoin broke a new record, breaking $90k right as the market opened and traded up to $93k. My name is Kevin Travers; here is the news about animal spirits moving markets today. $JetBlue Airways (JBLU.US)$climbed 14% after a Bloomberg report that$American Airlines (AAL.US)$a...
$Spirit Airlines (SAVE.US)$the Biden-Harris DOJ “successfully” blocked$JetBlue Airways (JBLU.US)$from acquiring Spirit in January for $31 per share —which Biden declared a “victory” for the American people. 10 months later, Spirit has laid off thousands of employees, canceled tens of thousands of holiday season flights, and cost shareholders billions of dollars $. This is Bidenomics.
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RoNo
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I hope you got out on Monday. I left a little house money on table but not as burned as some. Good luck!
Justin Brewer
OP
RoNo
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I had reduced my position by 75% before Monday and sold $7 covered calls for the rest of it. I bought back all my calls for pennies this week and closed my position. I’m probably done with SAVE. Lost a lot on it, but I’ve done well on other things. The DOJ should have never blocked the JBLU deal… and SAVE’s almost certain bankruptcy after cutting over 25% of their routes & about 25% of their employees is the consequence.
JetBlue Airways Stock Forum
MACRO
In economic news, November’s consumer price index (C...
Just past 4 pm ET the $S&P 500 Index (.SPX.US)$ traded up 2 bps, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.11%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 0.21%.
MACRO
The Consumer ...
My name is Kevin Travers; here is the news about animal spirits moving markets today.
$JetBlue Airways (JBLU.US)$ climbed 14% after a Bloomberg report that $American Airlines (AAL.US)$ a...
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