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0 0 0.00464396284829711 0.00156346749225999 0 0.00154798761609904 -0.00464396284829725 -0.00232198142414869
Stock impact report

Spirit bankruptcy: How it will impact Detroit Metro Airport [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
Spirit announced it was filing for Chapter 11 bankruptcy just a few days after a deal with Frontier Airlines fell apart. Earlier this year, Spirit had been in negotiations to merge with JetBlue – a deal that never materialized. In October, Spirit announced plans to sell multiple aircraft and lay off workers as it tried to raise cash and revive operations. President and CEO Ted Christie said on Monday that the airline has entered into an agreement with its bondholders that is expected to reduce the company's total debt and provide increased financial flexibility. "This set of transactions will materially strengthen our balance sheet and position Spirit for the future while we continue executing on our strategic initiatives to transform our guest experience, providing new enhanced travel options, greater value and increased flexibility," Christie said in a news release. "I'm extremely proud of the Spirit team's hard work and dedication, which is key to our sustained progress in a Show less Read more
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