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Stock market today: Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles
Read full article: Stock market today: Rising tech stocks send Nasdaq to a record as most of Wall Street stumblesRising technology stocks sent the Nasdaq composite to a record, but trading was mixed along the rest of Wall Street.
JetBlue will imitate bigger and more successful rivals by opening airport lounges at JFK, Boston
Read full article: JetBlue will imitate bigger and more successful rivals by opening airport lounges at JFK, BostonJetBlue Airways plans to open its first airport lounges as part of a plan to get more business from premium travelers.
Stock market today: Most of Wall Street slips as S&P 500 stays on track for worst week since April
Read full article: Stock market today: Most of Wall Street slips as S&P 500 stays on track for worst week since AprilMost U.S. stocks fell following a mixed round of data on the economy, keeping them on track for their worst week since April.
The US fines Middle Eastern airline Emirates $1.8 million for flights that passed too low over Iraq
Read full article: The US fines Middle Eastern airline Emirates $1.8 million for flights that passed too low over IraqThe United States has imposed a $1.8 million fine against Middle Eastern airline Emirates for flights that passed too low over Iraq, in violation of U.S. restrictions.
Court sets June hearing for JetBlue and Spirit appeal of a ruling blocking their $3.8 billion merger
Read full article: Court sets June hearing for JetBlue and Spirit appeal of a ruling blocking their $3.8 billion mergerJetBlue and Spirit Airlines have to wait until June for a chance to save their $3.8 billion merger.
Stock market today: Wall Street closes its 12th winning week in the last 13 with a mixed finish
Read full article: Stock market today: Wall Street closes its 12th winning week in the last 13 with a mixed finishWall Street closed its latest winning week with a mixed finish, as drops for technology stocks dragged on the market.
JetBlue's $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competition
Read full article: JetBlue's $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competitionA federal judge has sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines.
JetBlue's $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competition
Read full article: JetBlue's $3.8 billion buyout of Spirit Airlines is blocked by judge citing threat to competitionA federal judge has sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines.
Stock market today: Asian shares retreat after a lackluster day on Wall St, but Tokyo jumps 2%
Read full article: Stock market today: Asian shares retreat after a lackluster day on Wall St, but Tokyo jumps 2%Asian shares have retreated after a lackluster session on Wall Street, though Tokyo broke ranks, gaining more than 2% as a weaker yen lifted stock prices for export manufacturers like Sony and Kyocera.
Stock market today: Wall Street rises ahead of Friday's jobs report to snap a 3-day losing streak
Read full article: Stock market today: Wall Street rises ahead of Friday's jobs report to snap a 3-day losing streakWall Street closed higher to break out of its first three-day losing streak since Halloween.
A trial deciding if JetBlue can buy Spirit — and further consolidate the industry — nears its end
Read full article: A trial deciding if JetBlue can buy Spirit — and further consolidate the industry — nears its endJetBlue says it needs to buy Spirit Airlines to compete with bigger airlines in a post-Covid travel world.
In court documents, JetBlue says it could raise fares on some routes after buying Spirit Airlines
Read full article: In court documents, JetBlue says it could raise fares on some routes after buying Spirit AirlinesJetBlue says in court filings that it could raise fares on some routes by up to 40% if it succeeds in buying Spirit Airlines.
JetBlue warns of a possible 3Q loss as it ends a deal with American and faces flight disruptions
Read full article: JetBlue warns of a possible 3Q loss as it ends a deal with American and faces flight disruptionsJetBlue shares are losing altitude as the airline warns that third-quarter and full-year results will be worse than it had previously expected.
Stock market today: Asian shares slip echoing Wall Street's retreat from rally
Read full article: Stock market today: Asian shares slip echoing Wall Street's retreat from rallyAsian shares have fallen after Wall Street took a step back from its big rally as markets tried to digest a slew of earnings.
American Airlines says it will appeal a ruling that would break up a partnership with JetBlue
Read full article: American Airlines says it will appeal a ruling that would break up a partnership with JetBlueAmerican Airlines says it will appeal a court ruling that would break up a partnership with JetBlue.
American Airlines and JetBlue must abandon their partnership in the Northeast, federal judge rules
Read full article: American Airlines and JetBlue must abandon their partnership in the Northeast, federal judge rulesAmerican Airlines and JetBlue must give up their partnership in the northeast U.S. That's what a federal judge in Boston ruled on Friday.
JetBlue is buying Spirit for $3.8 billion after bidding war
Read full article: JetBlue is buying Spirit for $3.8 billion after bidding warJetBlue Airways is buying Spirit Airlines for $3.8 billion in a deal that could increase competition at the top end of the U.S. airline industry while eliminating the largest discount airline for travelers on a tight budget.
Frontier CEO talks about airline merger, travel outlook
Read full article: Frontier CEO talks about airline merger, travel outlookBarry Biffle is juggling his day job as CEO of Frontier Airlines while also working to save a proposed merger with Spirit Airlines that would create the nation’s fifth-biggest carrier by some measures.
American, JetBlue ask court to toss US lawsuit against deal
Read full article: American, JetBlue ask court to toss US lawsuit against dealAmerican Airlines and JetBlue are asking a federal judge to throw out the government's effort to block a deal between the two airlines that has them working together on service in the Northeast.
JetBlue considers whether to leave NYC and move to Florida
Read full article: JetBlue considers whether to leave NYC and move to FloridaFILE- This March 16, 2017, file photo, shows a JetBlue airplane at John F. Kennedy International Airport in New York. JetBlue Airways is considering whether to keep its headquarters in New York or move to Florida. The airline has been based in the Queens neighborhood of Long Island City since it started flying in 2000. (AP Photo/Seth Wenig, File)NEW YORK – JetBlue Airways is considering whether to stay in New York, where it was founded two decades ago, or move its headquarters to Florida. She said more than 1,300 employees work at the headquarters in Long Island City, across the East River from Manhattan.
Holiday air travel surges despite dire health warnings
Read full article: Holiday air travel surges despite dire health warningsThe Transportation Security Administration screened at least 1 million people on four of the last 10 days through Sunday. That's still half the crowd recorded last year at airports, when more than 2 million people were counted per day. With new reported cases of coronavirus spiking across the country, the U.S. Centers for Disease Control and Prevention had issued a warning against Thanksgiving travel just a week before the holiday. It's unclear whether the pleas of experts like Fauci had any effect on travel and large gatherings at Thanksgiving. On Monday, JetBlue Airways said “booking trends remain volatile,” and a recovery in travel demand will be uneven into next year.
As virus cases rise, Southwest sees slower travel recovery
Read full article: As virus cases rise, Southwest sees slower travel recoveryDALLAS – Southwest Airlines cautioned Thursday that the tenuous recovery in air travel could be fading as coronavirus cases spike across the United States. Airline stocks surged on Monday after Pfizer reported promising early results from a trial of a coronavirus vaccine. The report from Dallas-based Southwest added to fears that the spreading virus cases will hurt travel demand heading into Thanksgiving, a key period for airlines. It is unclear whether the weakening booking trends is directly related to the surge in virus cases. Airline stocks fell more sharply than broader market indexes.