Your email has been successfully added to our mailing list.

×
-0.000834724540901485 -0.00333889816360594 -0.00417362270450742 -0.00584307178631054 -0.00500834724540891 -0.00500834724540891 -0.00500834724540891 -0.00500834724540891
Stock impact report

Analysis-Spirit Airlines' struggle to navigate post-pandemic trends lands it in bankruptcy [Yahoo! Finance]

JetBlue Airways Corporation (JBLU) 
Last jetblue airways corporation earnings: 1/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.jetblue.com/investor-relations
Company Research Source: Yahoo! Finance
But the no-frills pioneer never found its wings in a changed business and operating landscape. On Monday, the Florida-based carrier filed for bankruptcy protection. While speculation about Spirit's future began swirling immediately after a federal judge blocked its $3.8-billion merger deal with JetBlue Airways in January, analysts say its Chapter 11 filing was longer in the making. Before the pandemic, Spirit was outpacing the market, luring price-sensitive travelers and forcing larger carriers to introduce their own versions of budget offerings. The airline's business model of an integrated fleet, keeping planes flying more hours in the day and putting more seats on every aircraft, helped optimize its resources and kept costs down. Its high fleet utilization produced double-digit operating margins for nine straight years until 2020. But the global health crisis changed the operating environment and travel patterns, and Spirit struggled to adapt. Spirit's average daily aircr Show less Read more
Impact Snapshot
Event Time:
JBLU
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
JBLU alerts

from News Quantified
Opt-in for
JBLU alerts

from News Quantified