spirit airlines inc.
Sep 30, 2022, 3:59 PM EDT
Airports, airlines begin announcing travel disruptions ahead of Hurricane Ian's arrival in Florida. Many are offering changes, cancellations, rebookings free of charge.
Spirit Airlines' board of directors has recommended that its shareholders reject a $30 per share tender offer from JetBlue Airways.
JetBlue plans to appeal directly to Spirit’s shareholders after the airline rejected JetBlue’s $3.6 billion acquisition offer, a move it hopes will force Spirit's management to reconsider.
Under JetBlue's proposal, Spirit shareholders would be offered $33 per share in cash per common share, a 47% premium to the value of Frontier's transaction as of April 29 and a 52% premium to Spirit's stock price as a Feb. 4.
WalletHub recently found the best airlines of 2022.
JetBlue Airways offered to buy Spirit Airlines for roughly $3.6 billion in cash, the budget airline announced on Tuesday afternoon.
The Transportation Security Administration is set to extend its mask mandate for all trains, planes, and buses through at least Jan. 18, 2022, a spokesperson told Fox News.
Spirit Airlines lost tens of millions of dollars in its spate of flight cancellations and delays this month, according to an SEC filing.
Delta ranked the best airline from April 2020 to March 2021. These other airlines weren't far behind.